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CAse study - Research Paper Example

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Many hospitals receives great challenges from stricter regulations and billing requirements, more thorough preauthorization and precertification,…
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Download file to see previous pages The major considerations is whether there exists a trade off in the amount of revenue that hospital earns and the speed up to which the revenue is collected. According to an empirical test conducted between 2004 and 2006 on the relationship that exists among vital financial effective hospital revenue cycle management measures. The article clearly shows that with increased revenue collection there is an increased amount of net patient income for every adjusted discharge, reduced contractual budgets, as well as reduced bad debts. On the other hand, the charity care provisions are higher in hospitals with that have a higher revenue collection speed. Therefore, the article comes up with a conclusion that there is no evidence trade off that exists between patent revenue amount and the revenue collection speed. However, these financial gains of effectual hospital revenue cycle management in most cases go hand in hand. Thus, it is indicated that early results are a complementary, showing that effectual hospital revenue cycle management attains a multiple of positive results.
Another article “The State of Health Care Revenue Cycle.” By Solomon P. (2011). Suggests that revenue cycle management in all administrative and clinical activities have a relationship to generating and collecting patient revenue. These activates have gained a lot of importance in current business environment whereby hospitals receive challenges in underpayments and delay in payments. Although there is continued practitioners interest, there is no much attention drawn from revenue cycle management in health care financial research. There are studies that have been conducted on current revenue cycle management procedures with an aim of coming up with a financial gains measure in the context of increasing the amount of patient speed in the revenue collection. According to correlation analysis, ...Download file to see next pagesRead More
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