Reference no: EM133308584

Data is collected at each step of the revenue cycle, and an error or lack of action at any stage in the process may result in delayed or lost revenue.

1. Discuss three steps in the revenue cycle, explaining what action occurs; provide an example for each step.

2. Describe a negative result for each of your selected three steps, which may occur if the action is completed incorrectly.

3. Select one impact from those you identified, and apply a policy that notes the process to be taken to prevent or minimize future occurrences of the noted adverse event.