Walden University Revenue Cycle Components Discussion

In healthcare, the revenue cycle is defined as all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue (Oregon Health and Science University, 2018). Processes like charge capture, claim submission, and third-party follow-up are all part of the revenue cycle, and the proper execution of each process leads to a predictable path of revenue. Errors, especially at the beginning of the cycle, can lead to problems that can ripple throughout the process and delay reimbursement or cause additional costs to recover funds.