Revenue Cycle, the Function That Adds the Most Days to the Payment

question 12

Multiple Choice

Revenue cycle, the function that adds the most days to the payment processing and collection cycle, is

• A) Accumulating charges during a patient stay
• B) Billing the accumulated charges after patient discharge
• C) Receiving payment from the patient and/or their insurer
• D) Depositing payments into the bank after they are received

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Definitions:

Distribution Coverage

The extent to which a product or service is made available and accessible to customers within a particular market area.

Vendor-Managed Inventory

A supply chain management practice where the supplier assumes responsibility for maintaining an inventory at the buyer's location, often optimizing stock levels and reducing costs.

Channel Practices

The strategies and methods businesses use to distribute their products or services through various marketing channels to the end customer.

Federal Legislation

Laws enacted by the national government that are applicable across the entire country, often governing matters of national interest.