The healthcare revenue cycle is complex and has many functional components, each of which requires a high degree of competency to manage. Among these functional components are two types of transactions: administrative transactions and payment transactions. Administrative Transactions primarily include eligibility, claims, claim status and remittance. Payment transactions include cash, check, credit, debit and ACH (a.k.a. EFT) from both payers and patients. This unique mix of payment sources and their dependence on administrative transactions uniquely earn these payment transactions their own category of competence. That category is “Healthcare Payments.”

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