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.
Healthcare revenue cycle management is the strategy that healthcare organizations use to pay the bills. Through the next sections, we will explore the basics of healthcare revenue cycle management and how it impacts the healthcare industry. What are the basics of healthcare revenue cycle management?