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the u.s healthcare system is a vast and growing market worth 4 trillion u.s dollars and with it comes the need for effective revenue cycle management once you perform a service how do you get paid it all starts with a claim the very first step is to record the patients demographics and then the verification of benefits medical reports can be cumbersome this is why reports are coded with systems such as icd-10 or cpt healthcare claims are generated by extracting charge sheets and accurately entering patient demographics claim rejections occur mostly due to human error so its important to verify that all information is accurate before a claim is sent to the insurance payer the claim is now being adjudicated any claim that gets denied is recognized early on and corrected next comes payment posting the integral step of logging payments into billing systems and getting a clear look at your finances some claims hang in limbo even after 30 days they get neither processed nor denied the acc
