Explain several consequences to the organization of failing to fulfill key responsibilities in the revenue cycle process.

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Failing to fulfill responsibilities in revenue cycle management may lead to numerous negative consequences. Faults in admissions and financial counseling may lead to the emergence of out-of-pocket costs unexpected by patients, distressing the former and needlessly increasing the time of collecting the payments.

Similarly, errors in documentation will lead to the rejection of bills and the necessity to double-check them, creating an additional workload. The same applies to coding since errors in it will lead to rejecting applications for payment and reducing the efficiency of the revenue cycle while extending its length. In short, neglecting responsibilities associated with the revenue cycle management leads to lengthening the cycle and reducing the payments collected while creating additional inconveniences for everyone involved.

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Academic.Tips. (2022) 'Explain several consequences to the organization of failing to fulfill key responsibilities in the revenue cycle process'. 15 November.

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Academic.Tips. 2022. "Explain several consequences to the organization of failing to fulfill key responsibilities in the revenue cycle process." November 15, 2022. https://academic.tips/question/explain-several-consequences-to-the-organization-of-failing-to-fulfill-key-responsibilities-in-the-revenue-cycle-process/.

1. Academic.Tips. "Explain several consequences to the organization of failing to fulfill key responsibilities in the revenue cycle process." November 15, 2022. https://academic.tips/question/explain-several-consequences-to-the-organization-of-failing-to-fulfill-key-responsibilities-in-the-revenue-cycle-process/.

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Academic.Tips. "Explain several consequences to the organization of failing to fulfill key responsibilities in the revenue cycle process." November 15, 2022. https://academic.tips/question/explain-several-consequences-to-the-organization-of-failing-to-fulfill-key-responsibilities-in-the-revenue-cycle-process/.

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