The Revenue Cycle Defined:
"...
the process that begins when a patient comes into the system and includes all activities that lead up to the billing and through
the collection process”.
Source: Cap Gemini, http://www.capgemini.com.
The lengthening revenue cycle affects all specialties within the health care delivery system. The dilemma
for the health care provider has to do with the lack of control over shortening it.
Whatever the reasons
for unpredictable revenue cycles … HIPAA, the NPI, or carrier dominance … it is clear that the time lag between
the provision of service and the receipt of payment from payers is the most critical and worsening financial issue
for today's health care provider.