13 Steps to Mastering Revenue Cycle Management in Healthcare

13 Steps to Mastering Revenue Cycle Management in Healthcare Managing the revenue cycle in today’s healthcare landscape is more challenging than ever before. It involves effective management of finances to ensure a healthy bottom line. To tackle this challenge, healthcare providers rely on automated RCM platforms. So, providers can streamline the financial processes for better operations using Revenue Cycle Management in Healthcare. What is healthcare revenue cycle management? To gain a clear understanding, revenue cycle management in healthcare starts as soon as your patient schedules an appointment, and it continues until you collect all outstanding balances from your patients. However, in some circumstances you may face challenges in payment collection due to: 

Insurance Fraud / Claim Denials

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Manual payment methods

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Regulatory Compliance

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Billing Errors

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