Which of the Following Is a Goal of Revenue Cycle

question 30

Multiple Choice

Which of the following is a goal of revenue cycle management?

• A) maximizing accounts receivable
• B) increasing staff to improve patient flow
• C) paying bills on time
• D) minimizing time between providing service and getting paid

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Definitions:

Financial Donations

Contributions of money given by individuals or organizations to support charitable causes, nonprofit organizations, or other philanthropic activities.

Contributed Income

Financial support received by nonprofit organizations through donations, grants, or gifts rather than earned income.

Commercial Transformation

Refers to the significant change in the commercial activities, strategies, processes, or models of a business to adapt to market demands or leverage new opportunities.

Earned Income

Income derived from active participation in a trade or business, including wages, salaries, tips, and other forms of compensation.