Don't Forget About The
According to a poll administered by Cardinal Health, healthcare decision makers reported reimbursement as the biggest problem facing health systems today. The failure to effectively capture charges, along with poor charge master coding, and lost or late charges, can be expensive for the organization. Clinical Services (laboratory, radiology, cardiac cath lab, etc.) contribute to the organization’s revenue cycle, but often aren’t included in traditional revenue cycle training for correct charge capture, modifiers, medical necessity and prior authorizations. It is essential to understand the key elements of the Revenue Cycle as a whole, rather than as merely a series of disconnected, episodic encounters.