15 Steps in the Medical Billing Revenue Cycle
Medical billing is an intricate process that ensures healthcare providers receive payment for their services. The medical billing revenue cycle consists of a series of steps that begin when a patient schedules an appointment and ends when the healthcare provider receives payment for the services rendered. Each step plays a crucial role in ensuring accurate reimbursement and efficient revenue management. In this article, we will explore the 15 key steps in the medical billing revenue cycle. 1. Patient Pre-Registration The first step in the medical billing revenue cycle is patient pre-registration. This includes gathering essential information such as the patient's demographics, insurance details, and contact information. Accurate data collection is vital to minimize billing errors. 2. Insurance Verification Once the patient's information is collected, it's essential to verify their insurance coverage. This step ensures that the patient's insurance is active and that the