Revenue cycle management (RCM) refers to the process of managing the financial aspects of a healthcare organization’s interactions with patients, insurance companies, and other third-party payers to optimize revenue generation and ensure timely reimbursement for services rendered. It encompasses the entire lifecycle of a patient account, from scheduling and registration to claims submission, payment processing, […]
Category: Medical Coding
What is Medical coding?
Medical coding is the process of assigning standardized codes to medical diagnoses, procedures, and services provided by healthcare professionals. These codes are essential for accurately documenting and communicating the healthcare services rendered to patients and are used for billing, reimbursement, and statistical purposes. Medical coding involves the transformation of medical information, such as diagnoses, treatments, […]