Payment posting in medical billing refers to the process of recording and applying payments received from patients, insurance companies, or other third-party payers to patient accounts. It is a crucial step in the revenue cycle management of healthcare providers. When a healthcare provider renders services to a patient, they generate a claim or invoice for […]
Articles Tagged: rcm
What does Revenue cycle management (RCM) meaning in Healthcare
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, […]