The major benefits of RCM include Benefits in terms of Patient Care, Revenue Maximization and Operational Efficiency as detailed below:

Patient Care:

• Systematic review of efficient patient management
• Compliance with International accreditation standards of documentation
• Tracking of patient journey from the time of booking appointment until discharge
• Resulting in optimum patient care and patient satisfaction

Revenue Maximization:

• The healthcare providers can maximize revenue with the clear picture of covered and non-covered services, enabling the physician to maximize the service offering
• Automation of coding guidance to physicians to minimize selection of non-covered services
• Automation to avoid revenue leakage at the time of provision of services and not at the time of batching of claims
• Rejection trend analysis to illuminate the physicians with services that are usually denied by the payer
• Multiple level audits to batch all claims for all services ordered, services billed and services provided

Finance & Back Office Automation:

• Auto posting of all billings in the finance books of accounts
• Auto allocation of all Receipt Advices service-wise in the books of accounts
• Customizable dashboards to monitor status of all claims with payers
• Department-wise and physician-wise performance analysis
• Data analysis guiding in process improvement steps for management