Emergence of Analytics Solutions Encouraging Growth in the Healthcare RCM Outsourcing Market in the US

Reportstack has announced a new market research 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,”. “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, the 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.

Complete report available @ Healthcare RCM Outsourcing Market in the US 2015-2019.