Revenue Cycle Management
What is Revenue Cycle Management?
Revenue cycle management (RCM) is the process by which healthcare providers manage the administrative and clinical functions related to claims processing, payment, and revenue generation. It includes the management of patient scheduling, charge capture, claims submission, payment posting, and patient billing. The goal of RCM is to ensure that the healthcare provider is properly reimbursed for the services they provide, while also maintaining compliance with regulatory requirements.
Benefits of Revenue Cycle Management
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