What is the RCM of medical billing?
Healthcare revenue cycle management (RCM) is the business procedure that enables organizations to receive payment for their services. The revenue cycle, which starts with patient scheduling and finishes with payment reconciliation, consists of 17 distinct processes.
What is the responsibility of RCM?
Identifying the patient reimbursement concerns, effective processing of claims, denials, and appeals, and resolution of billing-related issues are all duties of the revenue cycle manager. Additionally, revenue cycle management solutions must be able to accurately code diagnoses and procedures.