Revenue cycle management (RCM) services are essential for healthcare organizations to operate efficiently. These services can help you streamline billing and collection processes, maximize reimbursement opportunities, and reduce compliance risk. But how exactly do they work?
This article explores everything you need to know about revenue cycle management services and why they're important for healthcare organizations.
What is Revenue Cycle Management?
In the healthcare space, revenue cycle management (RCM) is a comprehensive process for tracking, managing, and analyzing all financial transactions related to patient care services.