Four Steps to Transformation
Like every cycle, the basic components of the revenue cycle are interdependent parts of a unified process. All of them, from eligibility checking to charge coding to claims scrubbing to accounts receivable (AR) and denial management, affect each other. Poor verification of insurance eligibility, for instance, can lead to services being provided even though they’re not covered. That can create problems on the back end when a claim is denied and the practice has to collect from the patient.