Revenue cycle system and method
OwnerBruce Craycraftinventor
Life of this patent
Estimating the term…
Abstract
A revenue cycle system includes a payment status module and an activity status module. The payment status module provides payment status information for a plurality of insurance claims payment information and a plurality insurance providers. The payment status information is based on payment information. The payment information includes an amount paid and payment timing information. The activity status module provides activity status information based on billing staff activity information, account follow-up staff activity information, and/or payer feedback information, generally derived from software algorithms which identify revenue cycle activities represented by freeform notations recorded on an account.
Claims54
A method for building a database, comprising:
- generating, with a payment status module that is in communication with the database, payment status information for a plurality of insurance claims and a plurality insurance providers based on payment information, wherein the payment information includes an amount paid and payment timing information;
- generating, with an activity status module that is in communication with the database, activity status information based on a least one of billing staff activity information, account follow-up staff activity information, and payer feedback information;
- and
- populating the database the payment status information and the activity status information.
A computer readable medium comprising instructions executable by a processor that, when executed, cause the processor to:
- generate payment status information for a plurality of insurance claims and a plurality insurance providers based on payment information, wherein the payment information includes an amount paid and payment timing information;
- generate activity status information based on at least one of billing staff activity information, account follow-up staff activity information, and payer feedback information;
- and
- populate a database with the payment status information and the activity status information.
A revenue cycle system, comprising:
- a payment status module that is operative to provide payment status information for a plurality of insurance claims and a plurality insurance providers based on payment information that includes an amount paid and payment timing information and to populate the payment status information in a database;
- and
- an activity status module that is operative to provide activity status information based on a least one of billing staff activity information, account follow-up staff activity information, and payer feedback information and to populate the activity status information in the database.
A computer readable medium having stored thereon a data structure, comprising:
- a plurality of first data fields representing payment status information for a plurality of insurance claims and a plurality insurance providers, wherein the payment status information is based on payment information that includes an amount paid and payment timing information;
- a second data field representing payment activity information that is based on at least one of billing staff activity information, account follow-up staff activity information, and payer feedback information.
Dependencies are inferred from the claim text.