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RCM Business Process Transformation 2023 RadarView™
The RCM Business Process Transformation 2023 RadarView™ assists organizations in identifying strategic partners for RCM services by offering detailed capability and experience analyses of service providers in this space. It provides a 360-degree view of the service providers across practice maturity, domain ecosystem, and investments and innovation, thereby supporting enterprises in identifying the right RCM services partner. The 66-page report highlights top supply-side trends in the RCM services space and Avasant’s viewpoint.
July, 2023
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RCM Business Process Transformation 2023 Market Insights™
The RCM Business Process Transformation 2023 Market Insights™ assists organizations in identifying important demand-side trends that are expected to have a long-term impact on any RCM services project. The report also highlights key challenges that enterprises face today.
July, 2023
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Digitization to Improve Patient Convenience and Drive Profitability
Rising healthcare and operational costs pose a challenge to improving patient experience, collections, and provider margins, making them vulnerable to recession. Though physician and provider productivity is increasing as patients continue to reengage and seek care that was put off during the pandemic, there was a 12% YOY increase in median investment/subsidy per provider FTE. Healthcare providers also need to address patients expecting seamless digital interactions, desiring convenience and empowerment in their care journey to improve their experience. In order to support these, they increasingly rely on revenue cycle management (RCM) service providers’ expertise through outsourcing. This is evident from a 15%–25% increase in the revenue of RCM outsourcing service providers in 2021–2022. Both demand-side and supply-side trends are covered in our RCM Business Process Transformation 2023 Market Insights™ and RCM Business Process Transformation 2023 RadarView™, respectively.
July, 2023
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RCM Service Providers Help Healthcare Providers Overcome Challenges in Revenue Cycle Management
Although the healthcare industry has been slow in adopting digital technologies, the pandemic accelerated the need for healthcare providers to digitally transform their revenue cycle management (RCM) processes. The need for effective RCM is driven by the fact that healthcare providers are finding it difficult to maintain profitability. This is prompting the trend toward RCM outsourcing, which has increased by 15% year over year 2021–2022. The US government also plays a part in increasing RCM outsourcing, with more than $450 million in funding to promote telehealth among healthcare providers. Furthermore, RCM service providers are reacting to the increased government spending on insurance programs by developing specialized Medicare and Medicaid solutions. These trends are covered in Avasant’s new RCM Business Process Transformation 2022 RadarView™.
June, 2022
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RCM Business Process Transformation 2022 RadarView™
The RCM Business Process Transformation 2022 RadarView™ aims to help enterprises identify the correct RCM transformation partner by detailing service capability and offering a portfolio of leading providers in the healthcare space. It provides an all-encompassing view of key RCM service providers under three broad parameters of practice maturity, domain ecosystem, and investments and innovation. The 69-page report also highlights key industry trends in the RCM outsourcing space and Avasant’s viewpoint on them.
June, 2022
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Autonomous Medical Coding Products 2022 RadarView™ Scan
The Autonomous Medical Coding Products 2022 RadarView™ Scan helps enterprises in evaluating key autonomous medical coding (AMC) product vendors. It compares product capabilities for these vendors by conducting an in-depth analysis of their features and functionalities, assisting healthcare and revenue cycle management providers in identifying product partners for their manual coding transformation journeys. The 34-page report also highlights key industry challenges and how AMC vendors mitigate these challenges with their offerings.
April, 2022
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RCM Business Process Transformation 2021 RadarView™
The RCM Business Process Transformation 2020 RadarView™ report assists healthcare organizations in identifying strategic partners for the digital transformation of their RCM operations by featuring detailed capability and experience analyses of leading service providers. It provides a 360-degree view of key RCM service providers across practice maturity, domain ecosystem, and investments and innovations, thus helping healthcare enterprises in evaluating leading players in the RCM outsourcing space. The 66-page report also highlights top industry trends in the RCM outsourcing arena and Avasant’s viewpoint on them.
April, 2021
revenue cycle management
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