Future Growth Potential: Healthcare Revenue Cycle Management Market Estimated to Exceed USD 489 Bill

Healthcare revenue cycle management is essential for healthcare providers to ensure that they are maximizing their revenue potential.

It is the process of managing all aspects of the patient billing process from the initial point of service to the ultimate payment collection.

Within healthcare RMC, several critical components need to be addressed for providers to maximize their revenue, such as patient registration, appointment scheduling, coding, billing, payment collection, and follow-up. Each of these components plays an integral role in the overall success of a provider’s revenue cycle management system.