The healthcare industry is constantly evolving, and with that comes the need for efficient and effective management of revenue cycles. Revenue cycle management (RCM) refers to the process of managing the financial aspects of a patient’s healthcare journey, from initial appointment scheduling to final payment collection. In order to ensure financial stability and success in this complex industry, healthcare organizations must set smart goals for their RCM processes. Let’s take a closer look at what smart goals are and why they are crucial for revenue cycle management in healthcare.
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