Author: MatthewG

Healthcare Revenue Cycle Management (RCM) is the financial backbone of any healthcare organization. It encompasses all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue. Effective RCM ensures that healthcare providers receive timely payments while minimizing denials and improving financial performance. What is Healthcare Revenue Cycle Management? Healthcare RCM refers to the end-to-end financial process that healthcare providers use to track patient care episodes from appointment scheduling and registration to the final payment of the balance. It integrates administrative and clinical functions such as insurance verification, medical coding, claims submission, payment collection, and…