Revenue Cycle Management (RCM) plays a pivotal role in helping healthcare providers manage administrative and clinical tasks regarding claims processing, bill payments, and revenue generation. Changing regulations in the U.S. with regards to value-based care and mounting pressure on healthcare providers to reduce costs while improving patient care have all led to the implementation of RCM becoming a necessity.
While the primary focus of healthcare providers have to be on providing excellent care to their patients, not paying attention to finances can disrupt their business operations. Leveraging proper RCM solutions will help them to prevent and reduce unpaid claims, improve point-of-service collections, maintain healthy accounts receivable, and reduce inefficient coding and billing processes which directly results in improved profit margins. In the most basic sense, an effective RCM helps healthcare providers get paid faster and ensures a smooth flow of capital to prevent roadblocks caused by lack of revenue.
Considering these facts, a distinguished selection panel comprising CEOs, CIOs, VCs, and the Healthcare Tech Outlook’s editorial board has selected a list of the top Revenue Cycle Management Solution Providers. These companies offer powerful solutions coupled with innovative strategies that are distinctively prominent in the field.
We present to you Healthcare Tech Outlook's "Top 10 Revenue Cycle Management Solution Providers - 2018."