Complete the following:

Updating accounts receivable is part of which transaction cycle?

Lilit [14]

Updating accounts receivable is part of revenue cycle.

The procedure used by healthcare systems in the United States and around the world to track patient income, from their initial appointment or encounter with the healthcare system to their final payment of debt, is known as revenue cycle management (RCM). It is a typical component of healthcare management.

What is revenue cycle?

The phrase "all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue" can be used to describe the revenue cycle.
It is a cycle that explains and illustrates a patient's life cycle (and the ensuing income and payments) during a typical medical interaction, from admission (registration) through final payment (or adjustment off of accounts receivables).
After a patient makes an appointment, the revenue cycle starts, and it ends when the healthcare provider has taken all of the payments. Errors in revenue cycle management may result in payments to the healthcare provider being delayed or nonexistent altogether.
Healthcare providers can outsource their revenue cycle management to businesses that handle this complex process with specialized agents and proprietary technologies to manage healthcare provider revenue cycles because the revenue cycle process is complex and subject to regulatory supervision.

To learn more about revenue cycle visithttps://brainly.com/question/13167295

#SPJ4

7 0

1 year ago

Scenario: Technological Progress and Productivity Growth in Techland In Techland, from 1980 to 2010, holding technology and huma

andre [41]

Answer:

The growth of the real GDP per capita was 7.18%

Explanation:

It is important to establish that:

Future Value = Present Value × ((1 + r)^t), given that r is the interest rate and t is the time period

Real GDP per worker increased from $40,000 to $320,000 in 30 years

Therefore, we have;

320000 = 40000*(1+r)^30

(1 + r)^30 = 8

1 + r = 8^1/30

1 + r = 1.0718

r = 0.0718 = 7.18%

8 0

3 years ago

Rough Hewn Lumber Company orally contracts with Joe for the purchase of five acres of Joe's timberland. Joe makes the transfer b

Reptile [31]

Answer:

b. quasi contract

Explanation:

-Liquidated damages refers to a mechanism in a contract in which a party can request a compensation because of breach.

-Quasi contract is an agreement that is recognised by a court when there is no written contract between two parties and there is a conflict about a payment of a product or service.

-Reformation is a change made by a court in a document when one party that participates in it makes a request.

-Restitution is when someone receives a compensation for a loss or an injury.

According to the options given and the definitions, the answer is quasi contract.

7 0

3 years ago

The operation and maintenance of a company warehouse is an example of which component of the business process?

Serjik [45]

Facilities....................................................................................................................................................

3 0

3 years ago

The selling price of the company’s product is $22 per unit. Management expects to collect 75% of sales in the quarter in which t

tia_tia [17]

Answer:

good luck

Explanation:

I'm only here go support u.....................................................................................

7 0

3 years ago