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What is Revenue Cycle Management

Published on Nov 24, 2015

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PRESENTATION OUTLINE

What is

Revenue Cycle Management?
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RCM is the process that manages contracting, accounting for and collecting the practice's revenue. It includes:

Setting Fees

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Contracting

with payors 
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Indentifying Eligibility

and plan benefits

Documenting for services

and producing charges 
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Collecting

from patients/parents at the time of service

Charges

Entering patient service payments and 
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Payer Claims

Timely filing of  

Posting Payments

and contractual adjustments from payers 

Researching

and appealing payer denials & underpayments 
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Writing off

small balances and bad debts.  
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Content Provided

by Mary Pat Whaley 

Managemypractice.com

Information & Resources for Today's Medical Practice