What is Revenue Cycle Management Software?
Revenue Cycle Management Software, often simply known as RCM Software, is used to help unify the clinical and business operations side of healthcare through automation of everyday administrative tasks.
RCM solutions work by pulling data from electronic health records (EHRs), individual RCM process, and info management systems to streamline the financial processes within healthcare organizations. Data analysis is also a common feature in RCM software.
RCM functionality can be found in different software tools, including:
- Medical Billing Software
- Medical Practice Management Software
- Patient Engagement Software
- Claims Processing Software