Episode 29: Revenue Cycle Management: What is it? Why is it important to you?

Revenue cycle management refers to the process of identifying, collecting and managing a practice’s revenue from payers based on the services provided. The revenue cycle begins when the patient makes the appointment and ends with successful payment collection. The first step in the revenue cycle happens when the patient schedules an appointment. Your best chance of beating the revenue cycle management game is to collect your money upfront. Pre-registering patients allows you to&nb...

Om Podcasten

I discuss everything you always wanted and absolutely need to know about start, running and growing a private medical practice. I'll also talk about how to leverage your private practice by adding additional providers, satellite offices and ancillary services. And, vertically integrating other medical businesses like adding an ambulatory surgery center, imaging center, physical therapy and more. I will be sharing my 30+ years of experience as a physician and entrepreneur. After being an employed physician, I started and managed my own private medical practice with 11 providers. I added multiple medical businesses: in-house laboratory services, ambulatory surgery center, physical therapy, imaging center, anesthesia practice management company. I developed joint ventures between physicians and hospitals as well as between physicians and complimentary providers. In addition, I have extensive experience in developing and leasing real estate pertaining to medical services. Be sure to sign up for my newsletter and I'll keep you up to date on everything about starting, running and growing your practice and more.https://www.thepracticebuildingmd.com/podcast-optin-email-newsletter-1