What Is Revenue Cycle Management - Knowing All About Managing Revenue Cycle Management


Describing Revenue Cycle Management in a nutshell, it is the procedure or process taken to assure that the business owner gets paid on time for the services or products sold.

Cerritos, CA (I-Newswire) April 2, 2014 - Revenue Cycle Management system is very effective and useful to healthcare sectors, to get the bills paid promptly from the patient.

In the health care sector, the process begins the moment the patient calls to the hospital or clinic for an appointment and when the staffs capture patient's name, contact number, insurance details and more. This cycle will end when the balance becomes zero.

How do Revenue Cycle Management Benefits Business Owners?

Revenue cycle is the series of steps that begins the moment business acquires materials to make sales and continues till the transaction is closed. This aligns with the accounting process for accounts receivable.

This system is very beneficial to the small businesses that have limited cash flow, but want to manage revenue cycle precisely in order to ensure that the company receives all payments as planned without any delay.

When the revenue cycle is managed well, then it becomes potential and beneficial for both business owners and customers.

Increases the opportunity to Buy

One major benefit of revenue cycle management is, it impacts both company and customers, when there is a time delay between the times when customer receives the product and when he must remit the payment.

Without the help of revenue cycle, which includes credit provision, only the customers with enough cash on hand can make the purchase. This means, revenue cycle management is important to companies selling expensive goods and services; thereby customers can buy on credit or make use of insurance policies for paying.

The revenue cycle management in this aspect benefits, health care providers, automobile dealers, construction firms and many others.






About Revenue Cycle Management

We have a clear understanding of the entire Revenue Cycle Process and pay attention to every detail.   More.. Our proactive business approach helps us to stay ahead of our competition.Less..

Contact Information

Published in:

Business > Finance

Published On:

April 2, 2014

Print Release:

Print Release

If you have questions regarding information in this press release contact the company listed above. I-Newswire.com is a press release service and not the author of this press release.The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. As some companies and PR Agencies submit their press releases once per week,month or quarter, make sure to check the official company website for accurate release dates as our site displays the I-Newswire.com press release distribution date only.We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for or omissions in that information or for actions taken in reliance on that information.


Related Releases

Puma Biotechnology (PBYI) Wins a Battle on the Breast-Cancer War
Puma Biotechnology (PBYI) reported top line results from the Phase III clinical trial of the company's investigational drug PB272 (neratinib) for the extended adjuvant treatment of breast cancer

Marketing Question And Answer Webinar Scheduled For Wednesday The 23rd Of July
Lori Ballen, marketing genius and entrepreneur, is hosting, "The Ballen Method Q&A" webinar on the 23rd of July at 10AM.

The Ballen Group Is Selling A Las Vegas Home In Craig Est
A home in Craig Est subdivision of Las Vegas 89115 has been listed by The Ballen Group. After already receiving offers, this home may not be on the market long.

Summerlin Home In Corta Bella For Sale By The Ballen Group Reduces It's Price By $20,000
The Ballen Group has reduced a Summerlin home for sale by $20,000. This home is located in the Corta Bella subdivision of Summerlin, Nevada.

Regional Business Increasingly Opt for Greater Office Automation
The increasing trend towards greater office automation and green business practices among businesses in the Middle East