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Healthcare RCM
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Healthcare revenue cycle management: what is it?

The process through which health systems bill for services and generate money, from a patient's initial appointment all the way through the payor's acceptance of final payment, is known as healthcare revenue cycle management (RCM).

The Revenue Cycle Management process comprises several steps, including but not exclusive to:

  • Claims: Presenting and sending insurance companies with medical billing cost claims
  • Coding: Adding the appropriate medical codes to procedures is known as coding.
  • Charge Capture: Creating chargeable charges from medical services is known as charge capture.
  • Collections: Getting patients to pay past-due sums
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