A new day for patient financial services
Canfield, D.P.; Johnston, S.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 56(9): 54-60
2002
ISSN/ISBN: 0735-0732 PMID: 12235975 Document Number: 541719
The patient financial services (PFS) department plays a crucial role in the financial health of a provider organization. Complete, accurate data are a competitive advantage. Data should be obtained and validated as early as possible in the process of providing a healthcare service. A redefined revenue cycle should emphasize interdepartmental collaboration, technology, and patient satisfaction. The PFS department should expand its role to emphasize the merging of clinical and financial data in support of the organization's goals. PFS professionals require educational and career opportunities to fulfill the PFS department's expanded role.