Post by Prateek Jalgaonkar

Frequently used terms in Revenue Cycle Management for Healthcare: 1. Inpatient Care- Inpatient care is care provided in a hospital or other type of inpatient facility, where you are admitted, and spend at least one night, sometimes more ,depending on your condition. 2. Outpatient Care- Here you don’t have to stay in a hospital. Outpatient care may be provided in a hospital, as well as a walk-in clinic, an outpatient surgery center, and even in your doctor’s office. These may be diagnostic tests, treatments, or other types of procedures. 3. Account Receivables- Accounts receivable refer to the money an organization's(here hospital's) customers(here patients) owe for goods or services(here procedures) they have received but not yet paid for. In short, amount due for the services already taken. #management #healthcare #innovation #linkedin