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UNIT 8 revenue cycle.docx UNIT 8 DISCUSSION PURDUE GLOBAL UNIVERSITY o Discuss thre

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UNIT 8 revenue cycle.docx    UNIT 8 DISCUSSION   PURDUE  GLOBAL UNIVERSITY  o Discuss three steps in the revenue cycle, explaining what action occurs; provide an example for each step  ï‚·Insurance Eligibility Verification  After the appointment  has been scheduled, the next step is to verify the patient ™s insurance eligibility. Traditionally this is done over the phone by calling the insurance company or logging onto the Payer ™s website. However, some revenue cycle management  systems, like Payment Care „¢, provide automated insurance eligibility, eliminating the need to manually check insurance websites or call for verification. This can be done either one-by-one at the time of service, or in batches in order to expedite the process and verify eligibility and identify copays/deductibles before the patient walks in.  ï‚·Patient Payment Collections  This is the process of managing patient balances and providing

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UNIT 8 revenue cycle.docx UNIT 8 DISCUSSION PURDUE GLOBAL UNIVERSITY o Discuss three steps in the revenue cycle, explaining what action occurs; provide an example for each step ï‚·Insurance Eligibility Verification After t...
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UNIT 8 revenue cycle.docx UNIT 8 DISCUSSION PURDUE GLOBAL UNIVERSITY o Discuss thre

UNIT 8 revenue cycle.docx UNIT 8 DISCUSSION PURDUE GLOBAL UNIVERSITY o Discuss three steps in the revenue cycle, explaining what action occurs; provide an example for each step ï‚·Insurance Eligibility Verificatio...

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