*Professor at MIT-WPU, Faculty of Management
**MBA II Finance and Hospital Management Student, MIT-WPU, Faculty of Management
This Report contains “A Study of Revenue Cycle Management of the Hospital”. Objective of this study were to understand the Accounts Receivables Management of theHospital and find out the different sources of revenue generation along with performing the comparative study of the top three listed hospitals in India.
Revenue cycle management in healthcare is the process of managing claims process, Payments, and revenue generation. It helps a medical practice to increase the revenue by proper claim management. If the claims are paid partly or if it is paid after a long period of time, then resources from the accounts receivable and collection department need to be utilized in order to get the claim settled.
The delay in claim payment and consecutive follow-up from the accounts receivables and collection department would have a negative effect on the revenue cycle.
We have presented our learning in the form of analyzing the current revenue cycle model of Hospital, starting from patient registration until post-discharge procedure and we have undertaken the comparative study of top three-listed hospital in India by taking ratio analysis as a tool for analysis. Below listed ratios were analyzed;
Debtors Turnover ratio
Daily Sales
Days in Accounts Receivables.
Inventory Turnover Ratio
Revenue Cycle Management, Claim Settlement, Ratio Analysis, Comparative Study
