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.
The critical stages in the. revenue cycle for health care firms are the provision of. services to the patient, the generation of charges for. those services, the preparation of a bill or claim, the. submission of the bill or claim to the respective payer, and the collection of payment.