Innovative Strategies in Revenue Cycle Management
Revenue Cycle Management (RCM), which entails identifying, collecting, and managing patient income, is a crucial activity in the intricate world of healthcare administration. From the first point of contact through the conclusion of the account, it covers the complete lifecycle of a patient account. Effective revenue cycle management is essential for healthcare companies since it immediately affects financial health and ensures a smooth flow of money to support operations and deliver high-quality patient care. RCM processes have often adhered to established methods, but with the changing healthcare landscape, creative strategies are becoming increasingly crucial for enhancing effectiveness and financial results....