Healthcare coding and billing

Revenue Cycle Management in Healthcare: Key Steps for Success

Revenue Cycle Management (RCM) is the process by which healthcare organizations manage their financial transactions, from patient intake to the final payment for services rendered. A well-optimized RCM system ensures that healthcare providers receive timely and accurate payments, reduce claim denials, and enhance overall financial performance. Implementing effective RCM processes helps organizations maintain healthy cash flow and focus on providing high-quality patient care. In this article, we will explore the key steps involved in healthcare revenue cycle management and how