Technology and the Revenue Cycle Process

Innovations in technology have impacted every aspect of health care, from the way in which patients seek their providers, to how organizations market themselves, to how claims are submitted to insurance companies for payment. Many of the nonclinical innovations focus on data collection and using the data for meaningful purposes, including billing and revenue cycle.

For your initial post, identify a technological innovation, such as electronic health record, billing software, or estimator tool. In your response, address the following:

Describe the technological innovation you selected.

What role does it play in the revenue cycle process?

Outline the process prior to the innovation.

What are the implications for reimbursement for organizations not utilizing the innovation? Examples include delayed reimbursements, improper coding, reduced reimbursements, and others