Robert M. Tennant
In this chapter, you will learn how to
• Understand the business of a physician practice
• Identify the main ways to derive revenue
• Define the claims revenue cycle
• Recognize the standards and regulatory requirements necessary in a physician practice
• Define the steps in the claims revenue cycle
• Understand the resources necessary to maximize revenue including staff and health information technology
A physician practice is a business. For that business to continue to treat patients, it must generate revenue. The majority of this revenue is derived from contracts for professional services with government and commercial health plans and the patients themselves. However, to receive these payments, the practice must navigate ...
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