What is Revenue cycle management?
Also: Revenue cycle management, RCM
Revenue cycle management, end-to-end management of the revenue process from registration to collection. It is also referred to as Revenue cycle management, RCM in the literature.
Practical framework
Transformation-focused concepts generate lasting benefits when technology is considered alongside processes, people, and data.
Why is it on the agenda?
In the transformation journey, revenue cycle management requires the integration of process design, change management, and data quality alongside technology.
What is its practical use?
Revenue cycle management, beyond being an abstract title; when worked with real patient and operational data, can translate into concrete gains in time, cost, and quality.
To see this concept in context, you can check the Hospital Opening and Digital Operation guide, and return to the Digital Dictionary page for other terms.
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What is revenue cycle management?
End-to-end management of the revenue process from registration to collection. (Also known as Revenue cycle management, RCM)
Where does revenue cycle management fit in digital transformation?
Revenue cycle management is part of digital transformation in healthcare; it generates lasting value when process design and data quality are considered alongside technology.
Under which title is revenue cycle management evaluated?
Revenue cycle management is addressed under the title of Digital Transformation in the context of health information systems and digital transformation.