Assessing The Efficiency and Impact of The Revenue Cycle Management (RCM) Model in Hospitals
Revenue cycle management (RCM) plays an important role in ensuring the financial stability and operational efficiency of hospitals. This study evaluates the effectiveness of RCM models in revenue production, reducing claims refusal, and improving cash flow in healthcare institutions. Through a qualitative and quantitative approach, the study analyzes major performance indicators such as billing accuracy, reimbursement rates, and time of collection. Conclusions suggest that successful RCM implementation increases financial performance, reduces administrative burden, and the patient streamlines payment processes. Nonetheless, to achieve the best outcomes, organizations must tackle ongoing hurdles in regulatory compliance, seamless technical integration, and comprehensive staff training. The study therefore recommends boosting revenue-cycle-management efficiency through strategic automation, consistent policy standardization, and robust, ongoing training initiatives for all personnel.
Authors
- R. S. Lekshmi
- Dr.S. Uma
- Utkarsh Anand
- Shyam Maurya
- Anandhi Damodaraswamy
Institutions
- Saint Joseph's College (US)
- Kalinga University (IN)
- St. Joseph's Institute of Technology (IN)
- G.S. Science, Arts And Commerce College (IN)
- B.S. Abdur Rahman Crescent Institute of Science & Technology (IN)
Publication Details
- Journal
- International Journal of Accounting and Economics Studies
- Published
- 2025-08-28
- DOI
- https://doi.org/10.14419/b1b28k76
- Primary Topic
- Quality and Supply Management
- Type
- article
- Field-Weighted Citation Impact
- 0.00