Revenue Cycle Management (RCM)

RCM is a comprehensive approach that evaluates, improves, and manages  all components in obtaining patient encounter information and applying  it to ensure patient safety, while creating a simplified, integrated  workflow designed to optimize and expedite reimbursement. Although the  integrated, end-to-end, revenue-cycle process is at the core of the  process-centered management model, its success depends upon four key  components:
Search the Internet for information on medical billing. The following Web sites may be useful to begin your search:

Jobs, skills, staffing, and structure;
Information and information systems;
Organizational alignment and accountability; and
Performance measures and evaluation systems.
Construct a  2 page document in APA style with subheading and In text citation included as well.

Detail the four components required for a successful health care RCM implementation.
Identify how an RCM implementation for health care  differs from a generic revenue management approach for a non-health care  business.
Describe the various types of staffing required for an RCM implementation.
Explain the concept of organizational alignment and how it impacts cash flow.
Describe procedures involved in measuring performance.

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