Assignment: Revenue Cycle Management
RCM is a comprehensive approach that evaluates, improves, and manages all components in obtaining patient encounter information and applying it to ensure patient safety, while creating a simplified, integrated workflow designed to optimize and expedite reimbursement. Although the integrated, end-to-end, revenue-cycle process is at the core of the process-centered management model, its success depends upon four key components:
Search the Internet for information on medical billing. The following Web sites may be useful to begin your search:
• Jobs, skills, staffing, and structure;
• Information and information systems;
• Organizational alignment and accountability; and
• Performance measures and evaluation systems.
Construct a 2 page document in APA style with subheading and In text citation included as well.
• Detail the four components required for a successful health care RCM implementation.
• Identify how an RCM implementation for health care differs from a generic revenue management approach for a non-health care business.
• Describe the various types of staffing required for an RCM implementation.
• Explain the concept of organizational alignment and how it impacts cash flow.
• Describe procedures involved in measuring performance.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.