Did you know that Insurers reject nearly 26% of all claims and up to 40% of those claims are never resubmitted? This means every physician can lose up to 10% revenue. Introduction of Revenue Cycle Management Systems can increase payments and decrease the bad debt write-offs. Let us see what RCM is and why it should be implemented: Revenue cycle management, as the name suggests, is a financial process, that’s utilizes medical billing software , used by healthcare facilities to track patient care cycles starting from registration, appointment scheduling to the final payment after the consultation. RCM integrates the financial and clinical aspects of healthcare industry by consolidating the administrative data , like a name of the patient, details of the insurance provider and other personal information, plus the details of the treatment received by the patient and his/her healthcare data. The key feature of RCM is interacting and communicating with the insu...