Why Revenue cycle management (RCM)

RCM closes the gap between the patient accounts side and clinical side of healthcare. For instance, RCM links demographic data (patient�s name, insurance provider, and other personal information) with the treatment a patient receives.

The healthcare team (including providers, managers, and specialists in billing, coding, and preauthorization) communicates using accounting systems and electronic health records (EHRs). Using EHRs becomes easier with the help of RCM software or systems. This streamlining improves the turnaround time associated with offering a service and receiving payment for it, along with reducing administrative overhead costs.