Impact of EHR on Revenue Cycle Management

The innovation of electronic claims processing has raised the benchmark on what can be done to improve patient care, reduce costs, increase productivity, and reduce the time between reimbursements. Revenue cycle management has evolved to bridge the gap between the clinical side of electronic medical records and the billing side. Some electronic medical record software has integrated this process for a seamless patient flow - making the revenue cycle management process start as soon as a patient is registered. For physician services, revenue cycle management is one of the biggest parts of how a practice is paid. The revenue cycle begins when the patient is scheduled for an encounter and ends when payment for all services and procedures provided during the encounter is received. Most practices understand the importance of ensuring third party payment is appropriate and that the full amount due is received in a timely fashion. Practices understand that failure to ensure that insurance...

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