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Revenue Cycle Management (RCM) is a term used to describe the process of managing the financial aspects of a hospital's operations. It includes activities such as patient registration, billing, collections, and payment processing. RCM is an important part of hospital management, as it helps to ensure that the hospital is able to generate revenue and remain financially viable.
RCM involves a number of different processes, such as patient registration, coding, billing, collections, and payment processing. It also includes activities such as claims management, accounts receivable management, and financial reporting. RCM is a complex process that requires a high level of accuracy and efficiency.
Some of the companies in the RCM market include Cerner Corporation, Allscripts, McKesson Corporation, Epic Systems Corporation, and Athenahealth. These companies provide a range of services, such as software solutions, consulting services, and training. They also offer a variety of products, such as electronic health records, billing systems, and analytics tools. Show Less Read more