WHAT IS RCM?
REVENUE CYCLE MANAGEMENT(RCM) is the financial process that use we use to track patient care episodes from registration and appointment scheduling to the final payment of a balance.
RCM is the process of managing claims & payment and revenue generation.
RCM encompasses everything from determining patient insurance eligibility, collecting co-pays to properly coding claims.
THE RCM process begins when a patient schedules an appointment, it ends when the healthcare provider.
FOR EXAMPLE, Doctor has accepted all payments.