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Revenue Cycle Management Industry by Product, Function, Deployment and Forecast to 2023
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Inefficient manner of medical billing and collection resulted in revenue loss for many healthcare organizations. Revenue cycle management is the process that healthcare facilities use to pursue patient care. It is a financial process which starts when a patient enters the hospital and automates business process for speedy follow ups. It imitates from registration and appointment planning to the final payment of a balance. It includes administrative data such as patient’s name, other personal information, insurance provider, tracking claims, the treatment a patient receives and following up on denied claims.
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The key players operating in the global market are Cerner Corporation, McKesson Corporation, Athenahealth Inc., Eclinicalworks LLC., Quest Diagnostics Incorporated, Allscripts Healthcare Solutions Inc., GE Healthcare, and Epic Systems Corporation.
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