Revenue Cycle and Financial Management SystemsResearch and review revenue cycle process in scholarly literature and other peer-reviewed journal articles. Research how a financial management system can be used to automate the revenue cycle and ultimately improve the patient experience. Write a paper that addresses the following:Best practices (2 pages): Identify and discuss industry best practices for financial management systems. Include a discussion on the entire revenue cycle from scheduling to payment posting and include fee schedules/chargemasters, coding, claims processing, collection follow-up, and denial management in your response. Analyze the systems used, interfaces to other systems, and incorporate EDI standards where appropriate Analysis of information technology tools (2 pages): Explain how financial management systems simplify and streamline the revenue cycle which ultimately improves the patient experience.
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