What is Revenue Cycle Management (RCM) in Healthcare? 🏥💰

Revenue Cycle Management (RCM) is the financial backbone of healthcare organizations. It ensures smooth billing, payment processing, and revenue collection for medical services. ✅

🔹 Key Stages of RCM:
1️⃣ Patient Registration – Collecting patient details & insurance info.
2️⃣ Insurance Verification – Ensuring coverage before treatment.
3️⃣ Medical Coding & Charge Entry – Assigning correct codes for procedures.
4️⃣ Claims Submission – Sending claims to insurance providers for approval.
5️⃣ Payment Posting – Recording payments received from insurers & patients.
6️⃣ Denial Management – Resolving rejected claims & resubmitting.

💡 A well-managed RCM system helps healthcare providers reduce revenue loss, improve cash flow, and maintain compliance.

📢 Want to optimize your revenue cycle? Let’s discuss! 👇

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