London, 08 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Healthcare RCM Outsourcing Market in the US 2015-2019, which is expected to grow at a CAGR of 15.51 percent during the period 2014-2019.
Outsourcing of RCM activities in the Healthcare industry is an important activity that requires a significant thinking process when choosing the right vendor. For healthcare service providers, RCM starts from the pre-registration of a patient to final zero balance invoicing for a particular visit. With advances in technology, the Healthcare RCM industry has shifted from paper-intensive and labor-intensive to fully automated processes. The positive growth of the market is because of the shift in business processes from the traditional procedures, reimbursement and payment reforms, accountable care participation, ICD-10 coding challenges, physician practice association, collection issues, and overall declining margins.
“With the help of analytical solutions, service providers can discover patterns and trends within their operations,” says Faisal Ghaus, Vice President of TechNavio.
“The implementation of analytical solutions also helps companies to develop more effective models for the services and better understand the concepts of RCM, treatment outcomes, readmissions, and patient satisfaction.”
Key Market Drivers
- Need to Comply with Government Compliances
- Increase in Number of Audits
- Need to Increase Business Productivity
Key Market Trends
- Market Consolidation
- Emergence of Analytics Solutions
- Clinical Integration with Physicians
Key Market Vendors
- Conifer Health Solutions LLC
- Emdeon Inc.
- MedAssets Inc.
- Parallon Business Solutions LLC
- The SSI Group Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
