Why Revenue Cycle Management Is Essential for Every Medical & Dental Practices
In today’s healthcare environment, strong Revenue Cycle Management (RCM) is one of the most important factors that determine the financial success of a medical practice. RCM is more than billing—it is the complete process of tracking a patient’s journey from scheduling to final payment. When managed properly, it improves cash flow, reduces claim denials, and increases overall revenue. The RCM process begins with patient registration , insurance verification , and eligibility checks . These early steps ensure that the provider captures accurate information and avoids delays in reimbursement. Many claim denials occur because of incorrect demographics or invalid insurance details, so a strong front-end workflow is essential. Next comes medical coding and charge capture . Providers must document accurately so coders can apply the correct CPT , ICD-10 , and HCPCS codes. Proper documentation helps prevent audits, underpay...