What is Healthcare Revenue Cycle Management? (2024)

Every healthcare organization has to have a plan for how they approach revenue cycle management. This vital practice enables companies to monitor the revenue they receive from patients from the beginning of their care process to the end, providing them with data that facilities can use to improve practices and patient care.

If you're interested in working in the healthcare field in a non-clinical role, then healthcare revenue cycle management might be a career to consider. Revenue cycle management is an important business measure, as it helps ensure that patients aren't getting overbilled and that your care facility is being properly paid by insurance companies.

In this article, we'll explain the basics of healthcare revenue cycle management, explore how medical billing and coding play a role in the cycle and more as we explore the following sections:

What is Healthcare Revenue Cycle Management? (2024)
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