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Revenue Cycle Management (RCM) is the process of managing the financial aspects of healthcare delivery, from patient registration to insurance claims processing and payment. The goal of RCM is to optimize cash flow and reduce denied claims while improving the accuracy and completeness of patient billing information.
This process involves several key steps, including pre-authorization, charge capture, claims processing, payment posting, and accounts receivable management. First Accurate knows effective RCM requires the integration of technology, process optimization, and a deep understanding of healthcare billing regulations.
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