BC Advantage - 2024 Issue 10

5 Ways Patient Eligibility Verification Positively Impacts RCM

Revenue cycle management (RCM) is the financial process healthcare providers use to track the financial aspects of patient care. It starts with registration, continues through appointment scheduling, and concludes at the final balance payment. Understanding and optimizing RCM can enhance a practice’s accuracy, reduce delays, and improve financial health. Performing patient eligibility verification during scheduling and just before the visit is integral in effective revenue cycle management.   This article highlights five advantages of using software to verify patient eligibility that will positively impact your revenue cycle:   1.  Faster Payment ProcessPatient eligibility verification software hastens upfront...

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