Revenue Cycle Management

Revenue Cycle Management (RCM) is a set of financial processes implemented by healthcare providers to manage the administrative process of identifying, collecting and optimizing the revenue generated by all the various services provided by such practices to their patients.  It includes the whole spectrum of an clinic’s operations, from financial strategy and policy to appointment scheduling, eligibility verification, care delivery, documentation, coding, billing and claim processing, denial management, and multiple steps and components in between. It aims to optimize the profitability of healthcare practices by automating a number of manual processes and reducing the costs of collecting the revenue.