Learning Goal: I’m working on a finance discussion question and need an explanation and answer to help me learn.
Second discussion
Revenue Cycle Management
Revenue cycle management is an important function for healthcare systems. The management of the review cycle management focus on key metrics:
• Dates of Service Outstanding (DSO)
• Net Percentage Collection
• Accounts Receivable Over 90 Days
• Bad Debt Percentage
In your post, describe each metric for the revenue cycle process while describing which metric is more important. Please support your conclusion with scholarly citations.