Revenue Cycle Management (RCM)

Revenue Cycle Management (RCM) is the process healthcare providers use to handle the financial aspects of patient care. It involves every step from scheduling appointments, checking insurance coverage, billing patients, submitting claims to insurance companies, and receiving payments. The goal is to ensure the provider gets paid accurately and efficiently for services rendered while also managing patient accounts and reducing billing errors. Effective RCM helps healthcare organizations maintain financial health, improve cash flow, and deliver quality care without interruptions caused by billing or collection issues.