There is an abundance of factors that go into running a successful medical practice. One of the most
important is revenue cycle management.
Healthcare revenue cycle management (RCM) is the process by which health systems bill for services
and generate revenue - from a patient's first appointment to the payor's
acceptance of the final payment.
With Revenue Cycle Management, healthcare providers certify they’re properly and quickly
reimbursed for their services. While this is certainly beneficial to the provider, it’s equally
beneficial
to the patient.
RCM’s overall goal of increasing provider revenue works to benefit the patient above everyone else.
Revenue cycle management increases provider revenue while decreasing the time spent on
administrative and clinical functions. This means more money and time devoted to the patient and
their treatment.
With our expert payor contract negotiators, you’ll ensure you have all the tools you need to ensure a
streamlined revenue cycle. We’re experienced, thorough, and dedicated to helping healthcare
facilities provide the best patient care possible.
Effective revenue cycle management ensures that these steps are performed thoroughly and
accurately to help providers avoid delayed or lost revenue.
Although the main objective of RCM is to increase provider revenue, it delivers other benefits in the
process. These benefits not only serve the providers but also the patients, giving revenue cycle
management even greater value.
Identifying and
Resolving ErrorsDecreasing
Administrative BurdenAvoiding
Healthcare IssuesIncreasing
Healthcare Facility Revenue
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