1) Know the definition of "revenue cycle". Be aware of how the revenue cycle revenue applies to a "typical" diagnostic radiology practice. 2) Know the definition of accounts receivable (AR), and the important role that AR plays in radiology practices. 3) Understand the concept of "charge lag" and the factors contributing to it. 4) Know the major factors that effect timeliness and amount of payment received once a bill is submitted. 5) Know the relationships between net income, accounts receivable, and cash flow. 6) Be aware of the Radiology Business Managers Association (RBMA) recommended factors for tracking AR. 7) Know the definition of Adjusted Collections Percentage (ACP). 8) Know some techniques for reducing AR and optimizing the revenue cycle. 9) Know the definition of RBRVS (Resource Based Relative Value Scale) and its relationship to the Current Procedural Terminology (CPT) coding model. 10) Know the concept and structure (components) of an RBRVS global payment. 11) Understand how work performed (as perceived by the radiologist) maps onto the RBRVS scale and the role of the RBRVS scale in financial payment mechanisms. (This course is part of the Leadership Track)
Frank, M,
Follow the Money: Everything You Ever Wanted to Know About the Revenue Cycle. Radiological Society of North America 2014 Scientific Assembly and Annual Meeting, - ,Chicago IL.
http://archive.rsna.org/2014/12024024.html
