The revenue cycle in the healthcare industry is unique considering the interaction between provider, payer, and patient. Add on top of this the ongoing confluence of factors surrounding the transition to ICD-10, price transparency, consumerism, and various reimbursement structures (e.g., fee for service (FFS), bundled payments, value based purchasing, risk based/capitated) and you have an extremely complicated revenue model. On the flip side of this coin, we also contend with a robust procurement chain with hundreds of thousands of end items required to service any modern acute care facility.
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