In many states, Medicaid is the largest line item in the state budget. Explain what is the Medicald program, who are the beneficiaries, and how the Medicaid program is financed? How can an organization improve its revenue cycle management? In many states, Medicaid is the largest line item in the state budget. Explain what is the Medicaid program, who are the beneficiaries, and how the Medicaid program is financed? How does accounts receivable differ from the revenue cycle