Question

Discuss how health IT can enhance the revenue cycle management function. Detail two specific areas that are part of the revenue cycle.

Answer 1

Discuss how health IT can enhance the revenue cycle management function.

Ans. -

There are several ways for health IT to enhance the revenue cycle management function like -

I> Always try to focus on mission - A manager of a health IT system should have to set his/her mission and give instructions to all workers as per the mission.

II> Keep current information of any legislative changes - As a leader/manager of a health IT system he/she always keep information of up to date legislative news. If there is any change occur then the revenue cycle must be affected. As an example, there is the Affordable Care Act (ACA) and the ICD-10 code conversion implemented in 2014 for legislative changes. So a manager has to try to keep current information to safe from down results.

III> Process value system - A manager and other workers has to give best services to patients to add values. They have to think about that values before the revenue cycle. This value system automatically increases the revenue cycle.

IV> Do not depend on Revenue cycle management software all time - A revenue cycle management software/CRM can't solve revenue shortfalls every time. Everyone has to keep faith in their physical skills to improve revenue cycle by solving any problems. They have to understand the environment and legislative changes.

This ways health IT system can enhance their revenue cycle management function.

2> Detail two specific areas that are part of the revenue cycle.

Ans. -

Two specific areas are - I> Scheduling of patient appointment and their claims

II> The charges and fees structure for any patient related services