What is Revenue Cycle Management?
Revenue Cycle Management or RCM, includes people, systems and processes that manage claims processing, payments and the collection of revenue. It’s a complex system, which contains numerous pitfalls, which can cause up to 90% of a CHC’s total missed revenue opportunity.
RCM encompasses everything from determining patient insurance eligibility and collecting co-pays to properly coding claims using ICD-10. Time management and efficiency play large elements in RCM.
PMG is the Revenue Cycle Management expert for Community Health Centers across the United States. PMG works exclusively with CHCs to optimize their revenue cycle and create increased cash flow by identifying and capturing missed revenue. PMG is an essential partner to any CHC concerned with ensuring their RCM system is implemented and managed competently and effectively.