Revenue Cycle Management
Revenue Cycle Management (RCM) is a critical financial process in the healthcare industry that focuses on managing the financial aspects of patient care. It encompasses all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue. The primary goal of RCM is to optimize the financial performance of a healthcare organization by ensuring that it is properly compensated for the services it provides.
Revenue Cycle Management
Effective Revenue Cycle Management is crucial for healthcare organizations to maintain their financial health and provide high-quality patient care. It requires accurate record-keeping, compliance with healthcare regulations, and continuous process improvement to streamline operations, reduce denials, and enhance overall financial performance. RCM may also involve the use of specialized software and technology to automate and optimize various aspects of the revenue cycle.
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We are the region’s premier healthcare consulting firm.
We are the region’s premier healthcare consulting firm.