DOTmed September 5, 2023
Every healthcare organization needs to develop financial processes and policies to be successful. This is where a revenue cycle management (RCM) plan comes into play. An RCM plan provides a strategic pathway forward for practices to manage the administrative and clinical aspects associated with processing claims, payments, and revenue generation.
The RCM process is critical to ensure healthcare organizations are financially healthy so they can stay focused on providing the best care to their patients. What goes into designing an RCM strategic plan? The answer is twofold: Understanding the intricacies of your organization and collaborating with your team to gain optimal efficiencies in your revenue cycle.
Here are some tips to build a successful RCM strategic work plan for your...
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