Medical providers most times may face financial difficulties from inadequate to untimely payments from patients. Patient payment is a necessary aspect of revenue cycle in healthcare as it enables the smooth running of administrative activities in hospitals. CHALLENGES FACED WITH PATIENT PAYMENTS According to Tech Target several challenges have been listed to be faced, […]
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Payment reconciliation is deemed necessary and an important step in accounting process as mistakes and financial errors are tackled and corrected to ensure payments are accurately tracked and recorded. WHAT IS PAYMENT AND RECONCILIATION OF FUNDS? This is a financial process that involves matching and comparing transaction records to ensure that payments made or […]
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