Revenue cycle management.
With the widening gap between overhead expenses and reimbursement, management of the revenue cycle is a critical part of a successful vascular surgery practice. It is important to review the data on all the components of the revenue cycle: payer contracting, appointment scheduling, preregistration, registration process, coding and capturing charges, proper billing of patients and insurers, follow-up of accounts receivable, and finally using appropriate benchmarking. The industry benchmarks used should be those of peers in identical groups. Warning signs of poor performance are discussed enabling the practice to formulate a performance improvement plan.
Department of Surgery, The Ohio State University Medical Center, Columbus, OH 43210, USA.
Ray
R
Manley
Bhagwan
B
Satiani
D000067:Accounts Payable and Receivable; D001071:Appointments and Schedules; D019985:Benchmarking; D003284:Contract Services / Q000191:economics; D003406:Credentialing / Q000191:economics; D017048:Health Care Costs; D006801:Humans; D007182:Income; D007344:Insurance Claim Reporting / Q000191:economics; D007349:Insurance, Health, Reimbursement / Q000191:economics* / Q000592:standards; D008499:Medical Records / Q000191:economics; D009937:Organizational Objectives; D010350:Patient Credit and Collection / Q000191:economics* / Q000458:organization & administration / Q000592:standards; D011216:Practice Management, Medical / Q000191:economics* / Q000458:organization & administration / Q000592:standards; D014656:Vascular Surgical Procedures / Q000191:economics* / Q000458:organization & administration / Q000592:standards