Revenue Cycle Management is a vast operation for every healthcare organization starting prior to patient intake and continuing on through to financial reporting. Each stage of the healthcare revenue cycle has its own terminology that, for mere mortals (all of us), can increase the complexity of our day-to-day and make the job harder!
So, in this edition of Revenue Cycle Matters, we thought we'd take on "Revenue Cycle Terminology". Hold on! Hold on! Before your eyes roll and you slip off to sleep, give us some credit that in true efficientC fashion, we know how to make this fun! After all, from beginners to seasoned veterans staying current on the ever-changing language of our industry is critical to our success, so let's see who's "got it" and who needs to "get it" by playing some...
Not into games?
Here's a great resource that you can download called the: "RCM Terminology Cheat Sheet".
Feel free to share it with your staff!
If you rocked the Revenue Cycle Jeopardy! board, post your score in the comments for bragging rights!