What Are The 13 Steps of Revenue Cycle Management
                     What Are The 13 
Steps of Revenue 
Cycle 
Management?
• Healthcare organizations, when run on a small scale, 
tend to have particular problems in the financial 
area. As such, it’s important to become aware of the 
revenue cycle management process so that there is 
stability and smoothness when providing the medical 
services.
• For many healthcare providers, mastery of these 
processes is the way forward in ensuring timely and 
consistent payments, without which late payments 
could threaten the financial health of the practice.
• Effective revenue cycle management involves 
everything that is concerned with the follow-up of 
patient care episodes—from the very first contact 
    for an appointment to receiving the last amount for 
that particular treatment.
• RCM doesn’t only ensure that you get paid for the 
services you render, but it also helps in improving 
patient satisfaction and keeps your practice healthy. 
• We detail throughout this article, in simple 
actionable steps, the 13 steps of healthcare revenue 
cycle management to enable easy implementation in 
your medical practice.
1. Patient Pre-Registration
• The revenue cycle begins before a patient even steps 
into your practice. During patient registration, key 
patient data are collected, including:
• Demographics
• Medical History
• Insurance Details
• Accurate pre-registration is essential to verify the 
patient’s insurance coverage and prevent errors later 
in the billing process.
2. Insurance Verification
• Once you have the patient’s insurance details, the 
next step is verifying their insurance eligibility, 
thereby ensuring you’ll be paid for the services your 
practice performs. Missing this step means denials 
and eventual non-payment may result.
3. Patient Check-In
• It is always crucial to reconfirm the information of 
the patient at the time of the visit. This will entail 
verification of insurance, collecting copay, and 
completion of forms and signatures. Precise check-in 
reduces errors that delay claim processing.
• To read our full blog post, click here: https
://pmninc.biz/what-are-the-13-steps-of-revenue-cycl
e-management/