What is Revenue Cycle Management? In a commercial setting, revenue cycle management involves the speed and accuracy of invoicing for goods and services through receipt of customer payments. This process sounds simple enough but sometimes we make it difficult without trying. I like to break it down into a few pieces. The first two pieces are internal processes and entirely within a Company’s control. The last two pieces are different: they are domiciled at the Customer, but timely and professional inquiries by your Company can have a positive impact on speed of Customer payments. Continue reading
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