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Research Paper | Health and Medical Sciences | United States of America | Volume 13 Issue 8, August 2024 | Rating: 3.1 / 10
The Impact of Revenue Cycle Management on Financial Stability in US Government Hospitals
Gokul Ramadoss
Abstract: Revenue cycle management RCM is essential for tracking patient bills and revenues in healthcare. This study aims to measure RCM potential in US governmental hospitals by examining financial management challenges and suggesting practical applications. Secondary data sources were analyzed to understand RCM and external hospital finance management issues. The study highlights the importance of integrating payment and information systems to address transparency challenges, vision uncertainty, accountability lapses, and staff resistance. It concludes that vision control, accountability, training, and comprehensive monitoring are crucial for RCM transformation, emphasizing patient benefits through inclusive participation. Future research should explore the transition from government-funded to self-operated institutions to identify emerging challenges and opportunities.
Keywords: Revenue cycle management, financial management, government hospitals, efficiency challenges, healthcare payment systems
Edition: Volume 13 Issue 8, August 2024,
Pages: 23 - 28