Revenue Cycle Management
Revenue Cycle Management is responsible for a medical facility’s Collections Services and Patient Billing departments. The major function is to develop and manage billing, collections and reimbursement.
Revenue Cycle Managers are tasked with increasing positive cash flow for the facility by implementing successful procedures of billing and collections so that patient accounts are paid in a timely manner. Revenue Cycle Management must understand Federal and State Laws regarding medical billing and collections and must make sure the department follows these procedures in the collection of patient debts.