Author: ascenthealthsolution

Revenue Cycle Management (RCM) plays a critical role in the healthcare sector by ensuring that healthcare providers receive timely and accurate payments for the services they provide. Healthcare RCM services focus on managing the financial aspects of a healthcare organization, from patient registration to final payment. The process involves multiple stages, including coding, billing, claims submission, payment posting, and accounts receivable management, and aims to reduce errors, increase efficiency, and improve revenue collection. In this blog, we’ll explore the importance of RCM services and how they benefit healthcare providers.Understanding Healthcare RCMThe revenue cycle in healthcare is the financial process that…