Revenue Cycle Management
Revenue cycle management (RCM) is part of the financial process that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance. The RCM Process is operated utilizing Industry customized medical billing softwares. The entire healthcare revenue cycle process includes everything from determining patient eligibility, collecting their co-pay, coding claims correctly, tracking claims, collecting payments and following up on denied claims.
With its international network and reach BDO can provide RCM services to Billing Companies, Physicians, Hospitals, etc with certified coders with Industry best KPIs. While the Medical Billing Industry has by far seen a segmented approach by various service providers restricted only to RCM, BDO with its vast bouquet of services, deep analytical insights and understanding of the Industry commands an edge over its competitors. BDO’s global insights and expertise enables us to top up the RCM services with expert advice on latest industry trends, best practices, cutting edge technological advancement, global best practices, end to end Accounting, tax and compliance support.