You have been recently hired at UMGC Health
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You have been recently hired at UMGC Health

Revenue Cycle Process White Paper. You have been recently hired at UMGC Health. One of your new job functions entails educating new hires on the revenue cycle process. For this assignment, you will prepare a white paper outlining the basic steps of the revenue cycle. 

• Identify the various steps within the revenue cycle process, including admissions, case management, documentation, coding, billing, et cetera. 

For each step identified, provide details pertaining to the following: 

? Purpose of the step identified. 

? The individuals involved in the process (e.g., providers, transcriptionists, coders, registration clerk, etc.). 

? The key components of the function, such as verifying insurance, financial counseling, coding of documented services provided etc. 

? The consequences of failure to properly conduct the function identified. 

• Note: outside research beyond the textbook is required for this assignment. Support your research with at least five sources.

The use of professional charts / graphs to reinforce written content is encouraged.

Hint
Accounts and FinanceCommunicating with corporations that provide healthcare insurance is a major component of RCM. Upon a patient scheduling an appointment, the hospital or physicians office typically checks a patient’s reported insurance coverage prior to the visit. A revenue cycle is inclusive of clinical and administrative functions. ...

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