The intuitive web page software for Revenue cycle analysts

Revenue cycle management (RCM) is the financial process, utilizing medical billing software, that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance.

Waystars unified, single sign-on revenue cycle platform can supplement any major HIS, such as Epic, Cerner and Meditech, among many others, and enables you to manage commercial, Medicare and patient payments in one place.

The Revenue Cycle Management Specialist will be responsible for all aspects of the claim cycle. Will verify compliance and quality of all claims before submission, perform follow up on all rejected and denied claims ensuring timely correction and resubmission. Ensure timely and proper payment from all payers.

The Revenue Cycle Specialist is responsible for the companys third party medical claims processing. Medical claims are prepared and submitted to Medicaid, Medicare, and private insurance companies.

To succeed in revenue cycle management (RCM), you need strong leadership skills as you may oversee multiple billing departments. You also need computer literacy, the ability to work on a deadline, and strong organizational skills.

The qualifications for a career as a revenue cycle analyst are a bachelors degree in business, economics, or finance, along with work experience as a financial analyst. You need mathematical skills, communication skills, and be able to use financial software applications to store and analyze financial records.

They usually work at a health care facility or business. Job duties include collecting documentation about incoming and outgoing revenue streams, analyzing financial data, following government compliance regulations, collaborating with cycle specialists and tax professionals, and preparing reports.

The responsibilities of a revenue specialist involve reviewing customers orders and ensuring that all taxes are paid on time. They monitor tax deductions and expenses, liaise with external parties, produce revenue reports, and maintain a record of all transactions.