Revenue Cycle Management: A Comprehensive Overview
Revenue Cycle Management (RCM) is a crucial process in healthcare that encompasses the entire lifecycle of a patient’s account from initial contact to the final payment. It ensures that healthcare organizations efficiently collect the revenue due for the services they provide. RCM involves multiple steps and stakeholders, making it an intricate system that requires careful […]
What are the Challenges of Revenue Cycle Management
You usually aren’t required to pay for the service in full at the time of visit when you visit a doctor. In certain cases, you may be required to pay a copay; however, the provider will need to obtain payment from the insurance company in full. In certain cases, a charge may arrive weeks or […]