Revenue Cycle of a Healthcare Practice - Seven Steps | LBMC
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This article reviews each of these steps, what's entailed in them, what can go wrong within the revenue cycle process, and how to prevent missteps.
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Revenue cycle management (RCM) in healthcare involves the coordination and optimization of administrative and clinical functions to maximize financial outcomes 💼🔄. This comprehensive process spans from patient registration and appointment scheduling to claims processing, billing, and payment collection. Efficient RCM enhances cash flow, reduces billing errors, and ensures timely reimbursement, ultimately contributing to the financial health and sustainability of healthcare organizations. Conta
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Revenue cycle management (RCM) in healthcare involves the coordination and optimization of administrative and clinical functions to maximize financial outcomes 💼🔄. This comprehensive process spans from patient registration and appointment scheduling to claims processing, billing, and payment collection. Efficient RCM enhances cash flow, reduces billing errors, and ensures timely reimbursement, ultimately contributing to the financial health and sustainability of healthcare organizations. Conta
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