What does a Revenue Cycle Management company do? It’s an important and often-asked question. Revenue cycle management (RCM) is essential to any successful healthcare organization. It is the systematic process of ensuring businesses receive payment for their goods and services…
Healthcare revenue cycle management (RCM) is essential to any successful healthcare organization. It is the process of monitoring and analyzing claims and billing data to maximize the efficiency and profitability of a healthcare practice. RCM is critical to the success…
Revenue cycle management is important for healthcare organizations because it ensures that they are reimbursed for the care that they provide. Proper management of the revenue cycle includes billing, collections, and payments. It is important for healthcare organizations to have…
The typical revenue cycle begins when a patient schedules an appointment and ends when the provider is paid for services rendered. Along the way, several steps must be completed for the provider to get paid. These steps include: Revenue Cycle…
The news: Fathom, the automated medical coding company raises $46m Why it matters Coding is one of the more complex tasks in Revenue Cycle Management (RCM). It also requires that coders are certified, which limits the supply of Coders. The…
What is Revenue Cycle Management? A great question! Revenue cycle management is the process used by a hospital and healthcare providers, like Doctors, to collect payments from patients or insurance companies for medical services. The revenue cycle encompasses all activities…