The Bridge in Bridgehampton, N.Y., charged a whopping $750,000 to join, according to a 2007 Wall Street Journal article. Another Hamptons club, Sebonack Golf Club, billed new members for $650,000 when it opened in 2006, Bloomberg reported.
Hence, the revenue cycle actually consists of two major subsystems (assuming sales on credit basis): 1  the sales order processing system and. 2  the account receivable system.
Revenue Cycle The Healthcare Financial Management Association (HFMA) defines revenue cycle as All administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue. In other words, it is a term that includes the entire life of a patient account from creation to payment.