You have been recently hired at UMGC Health. One of your new job functions entails educating new hires on the revenue cycle process. For this assignment, you will prepare a 3-5 page white paper outlining the basic steps of the revenue cycle.
- Identify the various steps within the revenue cycle process, including admissions, case management, documentation, coding, billing, et cetera. For each step identified, provide details pertaining to the following:
- Purpose of the step identified.
- The individuals involved in the process (e.g., providers, transcriptionists, coders, registration clerk, etc.).
- The key components of the function, such as verifying insurance, financial counseling, coding of documented services provided etc.
- The consequences of failure to properly conduct the function identified.
· Note: outside research beyond the textbook is required for this assignment. Support your research with at least five sources. The use of professional charts / graphs to reinforce written content is encouraged.