RCM is a crucial aspect of healthcare operations, as it involves managing the financial aspects of patient care. RCM includes a wide range of activities, such as verifying patient insurance eligibility, submitting insurance claims, and collecting payments from patients. A reliable revenue management solutions healthcare service is essential to ensure that these activities are performed […]

When working in the medical industry, approving a claim application on time and getting complete revenue can be a daunting task. It requires many struggles, time, and effort to collect revenue from the payer, but sometimes your efforts go wasted when all of a sudden your claims are rejected. That’s where revenue cycle management consulting

Every industry aims to enhance its revenue generation, and healthcare is no exception. Many strategies have been implemented in cash flow processes to generate as much revenue as possible, one of them is the revenue cycle management process (RCM). This approach entails a cycle starting from the patient appointment booking to the collection of reimbursement.

Did you know that the average healthcare organization loses $100,000 per month due to inefficient billing operations? That’s why conducting RCM management is so important for healthcare organizations of all sizes.  RCM or revenue cycle management is used extensively in the healthcare sector where it helps generate revenue through a streamlined process. It facilitates a

The healthcare revenue management method has been in operation specifically in the US for many years. The process manages the entire revenue generation of healthcare facilities. The cycle includes revenue production and tracking of patient bills, claim submission to insurance providers, and rectification of any objection made by the payer to get the reimbursement. But

Medical revenue cycle management process involves the revenue reimbursement to healthcare providers in return for their services, either from the government or either from private organizations. The process helps medical facilities generate revenue through efficient RCM management. RCM also ensures to remove any defect that can lead to a claim denial or eventually revenue loss.