Revenue Cycle Analysis is the process of examining the accounts receivable flow from a detailed perspective. This includes investigating every financial aspect of the patient encounter, from the initial scheduling of the appointment through the progression of charge, payment, and adjustment posting, and every step in between. We begin by breaking down the numerous and sometimes complicated processes involved. Common problems which may lead to financial losses include invalid or missing data in the software programs; credentialing issues; billing, coding, and collection errors; failure to maximize software use, etc. During this analysis, we identify areas that need streamlining, simplifying or automating. We make recommendations for improvement and assist with implementing the changes. The result is a smoother flow using less staff resources, with greater financial gain. An investment in examining these areas can pay big dividends for almost any practice.
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