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RCM processes that a medical billing vendor must offer

CureMD Healthcare

The key behind a financially successful medical practice is the effective and efficient use of its Revenue Cycle Management (RCM) model. RCM involves all steps related to claim processing management and revenue generation. Looking at historical trends, revenue cycle management has always been a priority for physicians but the recent regulations imposed by CMS and HIPAA are making RCM unmanageable for many.

Due to this dilemma, many practices have considered outsourcing the entire RCM process to medical billing vendors, who are more equipped to handle the process.

The problem with outsourcing for many

The next question that arises, and one that puzzles many physicians, is that if outsourcing medical billing is the best solution for both small and medium practices, why are many practices (which have outsourced the service) still not generating more revenue?

Revenue Cycle Management-CureMD

The reason

Well research all points towards the RCM vendor selection process. It turns out that…

View original post 380 more words

Published by 1healthcare

Medical Billing, Medical Coding, Hospital Revenue Cycle management.

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