RCM is a revenue cycle management platform for healthcare systems to manage administrative and clinical functions. The revenue cycle begins with the scheduling of an appointment and ends with the payment collected for services rendered. Key features include insurance verification, coverage detection and claims management. RCM unifies the Insurance and clinical sides of healthcare by coupling administrative data, such as a patient's name, insurance provider and other personal information, with the treatment a patient receives and their healthcare institution.

Benefits of effective Revenue Cycle Management in healthcare are:

Increase in Focus on Quality Care: When a practice implements revenue cycle management, it no longer has to spend time and effort correcting errors and appealing claims. This allows practices to put more time and money into the quality of care they provide.

Simplified Processes: Providing a secure and straightforward system to physicians, administrative staff, coding specialists, and others with revenue touch-points can help to improve your revenue cycle. The application not only minimizes entry errors  but also removes frustration and confusion for your users of the application.

Improved Patient Experience : With a greater focus on patient outcomes, effective revenue cycle management means improvements in overall patient experience. Patients can expect to receive more comprehensive and targeted healthcare, reducing their likelihood of re-admittance.