Why is Revenue Cycle Management important in Healthcare Industry?

Today’s healthcare centers struggle with keeping operational costs down while providing high-quality patient care.  It is vital that Federally Qualified Health Centers (FQHC) and Community Healthcare Centers (CHC) receive payments from patients and insurance companies in a timely manner in order to keep profits up. To accomplish this, the revenue cycle or the life of a patient account from the time their case is opened until final payment is received must be managed effectively.

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