Revenue Cycle Management

Tips for Optimizing Your Practice’s Revenue Cycle Management

Revenue cycle management is the procedure of tracking and collecting revenue from patients in healthcare. RCM encompasses everything from scheduling a patient for a clinical encounter to final payment for healthcare services rendered. As defined by the Healthcare Financial Management Association (HFMA), the Revenue Cycle is “all administrative and clinical functions that contribute to the capture, management, …

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The Dos and Don’ts of Revenue Cycle Management

As a healthcare provider, you’re very likely already familiar with the importance of a well-managed and orchestrated revenue cycle. Having your revenue cycle optimized can make the difference between a profitable, financially stable practice and a failing business. There are many common mistakes that can lead to your reimbursement being held up or never fulfilled. …

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