Revenue Cycle Management and Services, The Definition

Revenue Cycle is the cradle to grave process of the charge that is created when a patient enters your practice or facility. It can be the initial input of that charge (Data Entry), the scheduling of that appointment to create the charge (Central Scheduling), the coding of that charge (HIM), the billing of that charge (Business Office), the collection of that charge (Business Office), the appeal of a denial on that charge (Decision Support), the movement of that charge through your practice or facilities IT System (Information Technology), the purchase of that item that created the charge (Materials Management) or the payment for the item that created that charge (Accounts Payable), so Revenue Cycle Management would be the management of all of these areas.

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