The medical revenue cycle is a long and complex process. At the end of a medical billing cycle, a patient’s payment records are posted in the patient’s account.
The primary and the most crucial aspect of reducing claims denials and improving medical practice revenue is understanding the medical coding and billing process completely.
Pre-verification or insurance eligibility verification is the first step in Revenue Cycle Management. Here, all the patients scheduled to visit the provider are verified for eligibility and benefits with their insurance.