Medical Billing Services: Enhancing Healthcare Revenue Management
Revenue cycle management (RCM) is a comprehensive process that consists of three important steps. The identification of revenue, collection of revenue, and administration of a healthcare financial income. As far as the healthcare industry is concerned, the process starts with appointments and scheduling with the patients, and then it is extended to payment receipt. The payment receipt process might look simple. However, there are complex challenges, including billing and coding. The effective management of the revenue cycle is crucial in ensuring the financial health of a healthcare center.