Revenue cycle management is the process used by healthcare systems in the United States to track revenue from patients from their initial appointment or encounter with the healthcare system to their payment of balance.
Revenue cycle starts with the appointment or hospital visit and ends when the provider or hospital gets paid fully for the services provided.
One of the most vital challenges the healthcare industry faces currently is revenue collection. Policymakers keep a close eye on medical billing and revenue collections of the sector. Legal implications and complex regulations of US healthcare industry have made it difficult for healthcare providers to collect their dues properly. A large number of healthcare organizations still relying on outdating technology further complicates the billing process.
Indisputably, revenue cycle management is the most significant aspect of the US healthcare industry income. Estimates suggest that this industry will grow by 12.4 percent by 2026.
GF Infotech provides tailor made solutions for revenue cycle requirements of hospitals, clinics, as well as, stand alone practices with advanced technology and robust systems.
Our experience, knowledge, and advanced technology is highly valued by our diverse customer base. We recognize that the success of our company is made possible by our talented and dedicated employees. We aim to keep achieving customer satisfaction whilst ensuring a positive and healthy work environment for our employee.