What is Revenue Cycle Management—And Why Your Practice Can’t Afford to Ignore It

You may have heard the term “Revenue Cycle Management” (RCM) tossed around, but what does it actually mean—and why should it matter to your practice? RCM is the process that tracks patient care episodes from initial appointment scheduling through to final payment. 

It includes everything from verifying insurance to submitting claims and posting payments. 

Here’s why every practice—large or small—needs to take RCM seriously: 

What’s Included in Revenue Cycle Management? 

- Patient registration and eligibility verification 

- Medical coding and charge entry - Claim submission to insurance companies 

- Payment posting and reconciliation 

- Denial management and appeals

 - Patient billing and collections 

Why It Matters: Small practices often suffer from revenue leaks caused by simple oversights—missed authorizations, coding errors, or poor follow-up. 

These issues directly impact your bottom line. 

Without an optimized RCM process: - You lose money on denied or underpaid claims 

- You face compliance risks 

- Your staff wastes time on administrative chaos 

How Therapay Business Solutions Helps: 

We specialize in full-cycle RCM services tailored to your specialty. 

From mental health to physical therapy, we reduce your administrative burden, streamline workflows, and help you collect more, faster. 

Don't leave money on the table.

An efficient revenue cycle is essential to your growth and financial health. 

Schedule a free RCM review and see how we can help your practice thrive.