shawn davidson
Revenue Cycle Management (RCM) is a crucial process in the healthcare industry that involves the management of a patient's financial interactions from the moment they seek medical services until the payment is collected. This comprehensive system ensures that healthcare providers receive the appropriate reimbursement for their services, optimizing their revenue streams and financial stability.
The RCM process encompasses various key steps, including patient registration, insurance verification, coding and billing, claims submission, denial management, and patient payment collection.
Source:
https://www.osplabs.com/medical-billing-solutions/revenue-cycle-management-software/