What Is Revenue Cycle Management?

Question

Revenue cycle management or – RCM – is a proactive method used by the global healthcare systems, especially in the United States, to monitor and keep a record of the revenue from patients. It includes the complete revenue history – from the patient’s init

RIYA KUMARI · Accepted Answer

The Revenue cycle management refers to the process in which utilization of medical biling, improvement in health care facilities, keep appointments and patient records etc are done. It is used to enhance the financial condition. It improves the business and sides of health cares. RCM includes charge capture, claim submission, coding, patient collections, registeration, appointments, utilization review, health system, medicinal benefits, monitoring of patients and many more. It basically consists patient's name, date of birth, financial information, etc.

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