PerigonMed

Managing a business's finances can often feel overwhelming, especially when cash flow becomes tight. One of the key factors influencing cash flow is the revenue cycle process . Understanding and improving this process can significantly enhance your business's financial health by ensuring timely payments and efficient billing. In this article, we will explore what the revenue cycle process is and provide practical steps to improve it for better cash flow. What is the Revenue Cycle Process? The revenue cycle process refers to the series of steps a business follows to manage its income from the initial sale or service to the final payment collection. This process is especially critical in service industries like healthcare, where billing and payment collection can be complex. However, every business benefits from a streamlined revenue cycle to maintain steady cash flow. The revenue cycle process typically includes: Customer registration or client onboarding Service deli...

 In today’s fast-paced healthcare system, the financial side of patient care is just as important as the clinical side. To keep hospitals and clinics running smoothly, healthcare providers rely on a system known as Revenue Cycle Management in Healthcare. This process ensures that providers get paid for the services they deliver—from scheduling a patient to receiving full payment. In this blog, we’ll walk through the complete sequence of Revenue Cycle Management in Healthcare , breaking it down into simple terms so anyone—from medical staff to patients—can understand how it works and why it matters. What is Revenue Cycle Management in Healthcare? Revenue Cycle Management (RCM) in healthcare 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. Think of it as the backbone of healthcare finance—connecting clinical operations with billing, insurance claims, and collections....