Question

Revenue cycle management is accomplished through the use of which of the following systems?

- A) Human resources software
- B) Inventory management systems
- C) Financial information systems
- D) Customer relationship management software

Answer 1

Revenue cycle management in healthcare is conducted using financial information systems, which handle tasks from appointment scheduling to final payment collection, ensuring timely and efficient payment for services.

Step-by-step explanation:

Revenue cycle management is critical to the financial health of any healthcare organization. It is accomplished through the use of C) Financial information systems.

These systems enable healthcare providers to track the financial events that follow the care of patients, from the initial appointment scheduling to the final payment of a balance.

This involves tasks such as insurance and benefit verification, charge capture, claim processing, payment collection, and statement processing.

Proper management ensures that the practice receives payment for the services rendered in a timely and efficient manner, ultimately supporting the organization's revenue and financial standing.