What is Revenue Cycle Management in Medical Billing? Explained Revenue cycle management (RCM) is a critical process in healthcare organizations that involves managing financial operations related to billing and collecting revenue for medical services. It is a complex process that requires coordination and collaboration among various stakeholders, including healthcare providers, patients, and insurance companies. RCM begins with patient registration and scheduling and ends with the collection of payment for services rendered. Revenue cycle management is a critical component of healthcare operations that ensures the financial viability of healthcare organizations. Effective RCM ensures that healthcare providers are reimbursed accurately and efficiently…