Top Revenue Cycle Management Solution Companies
Veridical RCM: Clean Claims With a Personal Touch

Top 10 Revenue Cycle Management Solution Companies - 2020

The RCM sector, which has been in a transition phase since the last decade, is at the cusp of reaching its evolution milestone now. Especially with the rise in the out-of-pocket costs of patients and bad debt write-offs within medical practices, organizations are increasingly investing in RCM technology to enhance their offerings to the consumers.

On the other hand, physicians are increasingly consolidating into larger physician groups, hospitals, and health systems to achieve economies of scale, build enhanced healthcare experience, and provide access to better care. They are also investing in wearable technology to facilitate continuous monitoring, combined with an increased application of analytics to enable the total well-being of the patients.

Following the suit, connected healthcare technologies are also playing a critical role in reducing costs, enhancing spend transparency, and offering greater access to healthcare. Today, the main objective of RCM-centered technologies is to facilitate seamless access to care when patients need it and enabling them to pay for the cost of healthcare. We are also witnessing a shift to cloud-based revenue cycle platforms. While numerous players are focusing on speciality niches of RCM, several providers are increasing their investment in analytics to enhance the overall RCM space. Considering all such trends in the marketplace, it is imperative to invest in the latest RCM technologies.

To assist healthcare organizations in the task of finding accomplished RCM solution providers and consulting/service companies, we have compiled this issue of Healthcare Tech Outlook. It is elaborately crafted to assist you in fostering productive partnerships and improving performance. In this edition, we have listed the top 10 RCM solution providers and top 10 RCM consulting/service companies to highlight those making significant contributions to the healthcare sector. This edition also blends through thought leadership articles from subject-matter experts and CXOs. We hope this issue of Healthcare Tech Outlook helps you build the partnership you and your organization need to foster a healthcare realm driven by robust and efficient RCM technology.

We present to you Healthcare Tech Outlook’s “Top 10 RCM Solution Providers - 2020.”

Top Revenue Cycle Management Solution Companies

Claimocity offers an artificial intelligence-based mobile practice management platform as a comprehensive solution that guarantees fair and complete reimbursement for doctors working in challenging care environments. The physician rounding app and mobile billing platform is designed around a core of real-world experiences. It is highly intuitive and makes it easy for doctors to capture charges and keep track of missed payments while remaining focused on patient care. Claimocity’s combination of next-gen technologies and a customer-centric approach to the end-to-end billing process goes a long way in accurately predicting missed encounters for the doctors.

claimocity.com

Helps healthcare facilities and labs ensure reimbursement for their services accurately, efficiently, and cost-effectively

www.frontrunnerhc.com

Illinois-based Parathon delivers sustainable transformation solutions for healthcare providers, helping them navigate the complex and dynamic healthcare revenue cycle. With its highly scalable revenue cycle management (RCM) solutions, Parathon enables healthcare providers to maximize reimbursements, optimize accounting and billing operations, and increase patient engagement. The company’s objective is to empower providers to improve financial performance, streamline operations, and increase patient engagement. Primarily a software development company, Parathon has been in the healthcare RCM space for over 20 years. During this period, the company has developed a significant amount of solutions, systems, and intellectual property

www.parathon.com

athenahealth

athenahealth

athenahealth partners with hospitals and ambulatory customers to drive clinical and financial results. We offer medical record, revenue cycle, patient engagement, care coordination, and population health services. We combine insights from our network of more than 160,000 providers and approximately 117 million patients with deep industry knowledge and perform administrative work at scale

Axea Solutions

Axea Solutions

Axea Solutions delivers expert revenue cycle services and technologies that enable healthcare organizations to improve clinical documentation and coding accuracy, enhance patient financial workflow, and boost financial success. For more than 20 years, Axea has worked with healthcare facilities and medical insurance providers to develop cost-effective financial solutions through detailed assessments, innovative methodologies, and multifaceted teaching strategies

CarePayment

CarePayment

Founded in 2004, we provide patient finance solutions to hospitals, physician practices, and ancillary service providers nationwide, and have helped more than a million patients pay their medical bills. We are a finance company, not a collection agency or credit card company. Healthcare costs in the U.S. have been on the rise for years, with patients taking on responsibility for an ever-increasing portion of the cost. And with higher out-of-pocket healthcare expenses come a larger number of people who have trouble paying their medical bills

Cerner

Cerner

Cerner is the leading U.S. supplier of health care information technology solutions that optimize clinical and financial outcomes. Around the world, health organizations ranging from single-doctor practices to entire countries turn to Cerner (NASDAQ: CERN) for our powerful yet intuitive solutions. Cerner offers clients a dedicated focus on health care, an end-to-end solution and service portfolio, and proven market leadership

Enhanced Revenue Solutions

Enhanced Revenue Solutions

Enhanced Revenue Solutions is one of the most successful revenue enhancement services in the nation and was created by some of the most innovative, thoughtful minds in medical billing. Our client-centered approach offers an unmatched level of specialized expertise that helps medical providers nationwide move forward with greater financial stability. Reduce days in A/R. Increase collections. Decrease denials. Improve process and management all around. ERS is your full-scale revenue cycle management team. We deliver customized solutions based on local and national codes that meet the unique needs of your practice

R1 RCM

R1 RCM

R1 RCM is a leading provider of technology-enabled RCM services that solve revenue cycle performance challenges across hospitals, health systems and group physician practices. From registration and insurance verification to treatment documentation/coding, bill preparation and collections from both patients and payers, R1’s proven and scalable operating models seamlessly complement an organization’s infrastructure, quickly driving sustainable improvements to net patient revenue and cash flows while reducing operating costs and enhancing the patient experience

Surgical Notes

Surgical Notes

Surgical Notes, is a forward-thinking healthcare IT solutions company dedicated to developing innovative revenue cycle products and services for the ASC industry. Founded in 1997, Surgical Notes is one of the preeminent nationwide providers of transcription, coding, medical records, billing & collections, and revenue cycle management software solutions and services for the ASC industry. By assimilating Surgical Notes' ASC software and services, our clients have access to an enterprise revenue cycle solution geared toward maximizing profitability, physician disbursements, and business office efficiency. Surgical Notes continues to provide exceptional client care, while developing cutting-edge technology solutions that the largest management companies and over 20,000 healthcare providers trust to strengthen their financial performance