Revenue Cycle

   Respond to the following:

— From the e-Activity, examine the steps necessary to complete a sale and discuss how the sales order process is integrated with other processes (credit and collections, delivery, etc.). Indicate your overall satisfaction with the process.

— From the e-Activity, recommend at least one improvement in the Website’s sales order process you would implement to make it more efficient in order to improve the customer experience. Then, assess whether the recommendation meant to benefits the clients warrants the potential cost of implementation for the company. Provide specific examples to support your response. [250 words — 1-2 references]

 

 

Expenditure Cycle

  Respond to the following:

— Using your own present or previous place of work as an example, propose a method for mitigating the problem of separate departments (e.g., academics, student services, information technology, etc.) ordering the same item.

— From the proposal above, discuss the possible issues that implementing the proposed method would cause to the organization. Suggest additional controls that you would put into place to overcome the issues. Provide specific examples to support your response. [250 words — 1-2 references]

Your discussion must follow these requirements:

1-      Indicates thoughtful analysis and provides valuable insight into the topic.

2-      Thoroughly addresses all elements of the discussion prompt, and demonstrates an advanced knowledge of the topic. Makes strong and precise connections to previous and/or current course content, or to real-life situations, in initial post.

3-      Effectively communicates a central idea or point that is weaved throughout the entirety of the post, in a coherent and logical manner. Post is easy to understand.

 

Revenue cycle management is the process by which health care facilities and providers ensure their financial viability by increasing revenue, improving cash flow, and enhancing the patient experience. Part of this cycle is the chargemaster or charge description master (CDM), which plays a vital role in tracking and efficiently billing patient services and procedures.

For this assignment, you will be reviewing revenue cycle management and the various reimbursement methodologies that may affect the facility’s or the provider’s bottom line. Complete the following:

Expand on revenue cycle management by listing the steps involved in the process and the purpose of utilizing this type of management system.

Once you have covered these steps, analyze the revenue cycle process and the various reimbursement methodologies by describing the importance of maintaining and reporting financial information for health care providers and facilities.

Prepare an organizational chart that depicts the steps involved in revenue cycle management. Use your textbook and Web resources to accomplish the task.