PerigonMed

Managing the financial health of a medical practice or hospital is just as important as delivering quality care. Without proper billing and collections, even the best healthcare organizations can face serious cash flow issues. That’s where healthcare revenue cycle management (RCM) comes into play. In today’s fast-paced healthcare environment, optimizing your revenue cycle is critical for faster payments, fewer errors, and stronger financial stability. In this article, we’ll walk you through the best ways to improve your healthcare revenue cycle management and ensure smoother operations. What is Healthcare Revenue Cycle Management? Healthcare revenue cycle management refers to the process of tracking patient care from the first appointment to the final payment of the medical bill. It includes everything from verifying insurance, coding diagnoses, billing, collecting payments, and managing claims. When done right, healthcare revenue cycle management helps healthcare providers get paid...

  Effective financial health is the backbone of every successful healthcare organization. To stay profitable and deliver excellent patient care, it’s essential to manage billing, collections, and reimbursements efficiently. That’s where understanding the steps in Revenue Cycle Management becomes critical. Revenue Cycle Management (RCM) refers to the financial process healthcare providers use to track patient care episodes from registration and appointment scheduling to the final payment of a balance. When each step in this cycle is performed correctly, it not only speeds up payments but also reduces errors and improves overall cash flow. In this blog, we’ll break down the key steps in Revenue Cycle Management and explain how each one contributes to stronger financial performance. 1. Patient Pre-Registration and Eligibility Verification The revenue cycle begins even before a patient sets foot in the clinic or hospital. During pre-registration, the patient’s personal details, i...

In today’s fast-moving healthcare environment, the Revenue Cycle Management Process (RCM) is more important than ever. It’s the financial backbone of any medical practice, hospital, or clinic. If you want to keep your practice profitable and your operations smooth, you have to get this process right. However, even experienced providers make costly mistakes that can delay payments, cause claim denials, and disrupt cash flow. Let’s take a closer look at the top five mistakes you should avoid in the revenue cycle management process , and how fixing them can improve your bottom line. 1. Inaccurate Patient Information Collection One of the most common errors in the revenue cycle management process starts at the very beginning—during patient registration. Entering the wrong name, date of birth, insurance information, or contact details can cause delays or denials in claims later on. Why it matters: Insurance companies need exact information to process claims. A single typo can cause ...

  Why Revenue Cycle Management Services Are No Longer Optional for Modern Healthcare The healthcare industry is evolving fast — with tighter regulations, rising operational costs, and growing patient expectations. To thrive in this challenging environment, healthcare providers must do more than deliver exceptional care. They must also optimize the business side of medicine , which starts with strong revenue cycle management services . At Perigonmed , we help healthcare practices regain control of their financial operations, ensuring no revenue is left on the table. The Revenue Cycle: More Than Just Billing Many think of revenue cycle management (RCM) as just billing or collections. In reality, it’s a strategic process that touches every point of the patient journey — from initial scheduling to final payment. Key components of the revenue cycle include: Insurance eligibility verification Accurate medical documentation and coding Clean claim submissions Follow-up on...