Remove Accounts Receivable Remove Management Accounting Remove Revenue Cycle Remove Revenue Cycle Management
article thumbnail

Understanding the Healthcare Claim Life Cycle: From Patient Registration to Payment

SSI Healthcare Rev Cycle Solutions

Timely submission is crucial, as delays can lead to payment issues and hinder the overall revenue cycle. Step 6: Healthcare Claim Adjudication Upon receiving the claim, the insurance provider initiates the claim adjudication process. Patients are then responsible for making timely payments to the healthcare facility.

article thumbnail

Understanding the Healthcare Claim Life Cycle: From Patient Registration to Payment

SSI Healthcare Rev Cycle Solutions

Timely submission is crucial, as delays can lead to payment issues and hinder the overall revenue cycle. Step 6: Healthcare Claim Adjudication Upon receiving the claim, the insurance provider initiates the claim adjudication process. Patients are then responsible for making timely payments to the healthcare facility.

article thumbnail

Understanding the Order to Cash Process: A Simple Guide

Nanonets

The  OTC process  encompasses a series of steps, starting from when a customer makes a purchase to when the business receives and clears cash for that purchase. It includes  order management ,  credit management ,  order fulfillment , invoicing, accounts receivable, payment collection, and  data management.