Task Type: Individual Project    Deliverable Length: 3–4 pages    Points Possible: 250    Due Date: 3/14/2015 11:59:59 PM  CT [removed]    Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time. Revenue cycle management is the process by which health care facilities and providers ensure their financial viability by increasing revenue, improving cash flow, and enhancing the patient experience. Part of this cycle is the chargemaster or charge description master (CDM), which plays a vital role in tracking and efficiently billing patient services and procedures. For this assignment, you will be reviewing revenue cycle management and the various reimbursement methodologies that may affect the facility's or the provider's bottom line. Complete the following: Expand on revenue cycle management by listing the steps involved in the process and the purpose of utilizing this type of management system. Once you have covered these steps, analyze the revenue cycle process and the various reimbursement methodologies by describing the importance of maintaining and reporting financial information for health care providers and facilities. Prepare an organizational chart that depicts the steps involved in revenue cycle management. Use your textbook and Web resources to accomplish the task. .

1. Task Type:
Individual Project
Deliverable Length:
3–4 pages
Points Possible:
250
Due Date:
3/14/2015 11:59:59 PM CT [removed]
Weekly tasks or assignments (Individual or Group Projects) will
be due by Monday and late submissions will be assigned a late
penalty in accordance with the late penalty policy found in the
syllabus. NOTE: All submission posting times are based on
midnight Central Time.
Revenue cycle management
is the process by which health care facilities and providers
ensure their financial viability by increasing revenue, improving
cash flow, and enhancing the patient experience. Part of this
cycle is the chargemaster or charge description master (CDM),
which plays a vital role in tracking and efficiently billing
patient services and procedures.
For this assignment, you will be reviewing revenue cycle
management and the various reimbursement methodologies that
may affect the facility's or the provider's bottom line. Complete
the following:
Expand on revenue cycle management by listing the steps
involved in the process and the purpose of utilizing this type of
management system.
Once you have covered these steps, analyze the revenue cycle
process and the various reimbursement methodologies by
describing the importance of maintaining and reporting
financial information for health care providers and facilities.
Prepare an organizational chart that depicts the steps involved
in revenue cycle management. Use your textbook and Web
resources to accomplish the task.