Strengthening the revenue cycle: a 4-step method for optimizing payment.
Four steps for enhancing the revenue cycle to ensure optimal payment are: *Establish key performance indicator dashboards in each department that compare current with targeted performance; *Create proper organizational structures for each department; *Ensure that high-performing leaders are hired in all management and supervisory positions; *Implement efficient processes in underperforming operations.
jonjclark@msn.com
Jonathan J
JJ
Clark
D000067:Accounts Payable and Receivable; D019985:Benchmarking / Q000191:economics; D004469:Economics, Hospital / Q000458:organization & administration*; D017598:Efficiency, Organizational / Q000191:economics* / Q000592:standards; D005377:Financial Management, Hospital / Q000458:organization & administration*; D017408:Guidelines as Topic