RCM (Revenue Cycle Management) for small practices in healthcare is the process of managing the financial aspects of patient care, from appointment scheduling to payment collection, for small medical practices. It helps streamline billing processes, ensure accurate coding, optimize reimbursement, and improve cash flow. Small practices face unique challenges due to limited resources and staff, and RCM strategies tailored to their needs can help maximize revenue and improve financial performance. Key strategies include automating billing and coding processes, staff training, verifying insurance coverage, offering payment options, and outsourcing RCM to a third-party vendor.