Question

multiple choice question

step 7 of the revenue cycle is to ______.

• apply medical codes to claims
• monitor payer adjudication
• check out patients
• prepare and transmit claims

Explanation:

Identify the revenue cycle steps

Using the Revenue Cycle Steps knowledge point

The standard 10-step medical billing revenue cycle consists of:

1. Preregister patients
2. Establish financial responsibility
3. Check in patients
4. Review coding compliance
5. Review billing compliance
6. Check out patients
7. Prepare and transmit claims
8. Monitor payer adjudication
9. Generate patient statements
10. Follow up on patient payments and handle collections

Determine Step 7

Using the Revenue Cycle Steps knowledge point

Step 7 of this cycle is explicitly defined as preparing and transmitting insurance claims to payers.

Answer:

• apply medical codes to claims
• monitor payer adjudication
• check out patients
• prepare and transmit claims (Correct answer)