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Healthcare Revenue Cycle Management (RCM) refers to the financial process used by healthcare organizations to manage the entire lifecycle of patient services, from the initial appointment and registration to the final payment collection. It integrates administrative, clinical, and financial activities to ensure that healthcare providers receive accurate and timely reimbursement for the services they deliver. In health economics, RCM plays an important role in improving resource utilization, reducing financial losses, and maintaining the economic sustainability of healthcare systems. The healthcare revenue cycle begins when a patient schedules an appointment or seeks medical care. The first step involves patient registration, where demographic details, insurance information, and eligibility for healthcare coverage are verified. Accurate information at this stage helps prevent claim errors and reduces delays in payment processing. Insurance verification ensures that healthcare providers understand ___ _________ ____ ____ ___.
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