What is RCM in Medical Billing?
The healthcare industry depends on smooth financial operations to function effectively. One of the most essential processes in this system is Revenue Cycle Management (RCM). Many newcomers often ask: what is RCM in medical billing, and why is it so important?
RCM is the process that tracks patient care from the moment an appointment is scheduled to the final payment of the medical bill. It includes verifying patient information, coding treatments, submitting insurance claims, and following up on reimbursements. When people wonder what is RCM in medical billing, the answer is simple: it is the backbone of financial health for hospitals, clinics, and healthcare providers.
By streamlining the billing process, RCM helps reduce errors, ensures timely payments, and improves overall efficiency. Understanding what is RCM in medical billing is crucial for anyone looking to work in healthcare administration, as it directly impacts both patient satisfaction and organizational success.
