Topic: Technology and the Revenue Cycle Process

Details: 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, et cetera.
Response Guidelines
As noted in the FEM, respond to others regarding the implications for reimbursement if an organization does not use the innovation they identified. Have they missed anything? If so, provide it for them. Did they make a point you had not thought of? Explain what you missed and why you missed it.
Resources
Discussion Participation Scoring Guide.
APA Style and Format.
Health Care Administration Undergraduate Library Research Guide.

Solution Preview

Technology and the Revenue Cycle Process
The technology selected for this paper is electronic health record (EHR), which is a digitalized patient’s paper chart. EHRs avail patients’ information in real time. They offer security to patient’s data by securing it from access to unauthorized persons.

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