Healthcare systems are generally bad at keeping track of patient revenue throughout the care journey. Disjointed systems, fragmented frameworks, and digital disorganisation make the task more challenging. Therefore, hospitals, clinics, and doctor’s offices need to adopt healthcare revenue cycle best practices. But what are they, exactly? And how can you implement them? Thought leaders identify seven critical steps healthcare organisations must take to manage patient revenue cycles efficiently. The process begins with the first nosocomial interactions and ends when the healthcare provider receives payment in full. 
There seven revenue cycle steps are as follows: