Healthcare IT News: Revenue Cycle Management

Revenue cycle management (RCM) is a financial process used by healthcare organizations for staying financially sound. It is considered as the backbone of the healthcare industry and helps in managing healthcare finances. Healthcare revenue cycle management starts with the appointment scheduling by patients and concludes when the patient clears all his/her payments. A successful medical revenue cycle management process is essential in healthcare for maintaining the financial viability of the organization and providing quality care to patients.