Revenue Cycle Management (RCM)

The most difficult aspect of maintaining healthcare organisations is often quoted as being the financial process. Our Revenue Cycle Management (RCM) turns this difficult process into one of ease. FSC Revenue Cycle Management (RCM) is a complete back-end process that integrates with clinical and administrative functions to track all patient billing, insurance, and claim management in an integrated function beginning with the patient registering with the provider and ending with the claim being paid by the payer.

The relationship between patient, payer, and provider should be integrated seamlessly and updated instantly through the complete cycle of the software solution. Without this integration, either the patient claims get rejected or the revenues leak in the process.

FSC, therefore, provides a complete Revenue Cycle Management (RCM) process to track patient revenue through registration by defining his or her insurance company—or companies—and his or her contract eligibility, pricing agreement, discounts, patient packages, and special approved discounts on all levels. To generate the final invoice, each transaction for the patient inside the clinic or hospital is recorded in the backend with its associated charge items. The invoice is then tracked for patient payments and insurance company claims management. This itself integrates with the whole process of government-related standards for claim submission.