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Why the Service Healthcare Revenue Cycle Management Outsourcing Market is set to explode? Top Companies : Cognizant, IBM , Flatworld Solutions, Pulse Systems, Inc., DrChrono, General Electric Manufacturing Company (GEM, Connvertex® Technologies, Inc.
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Insurance Verification and Claim Checking to Propel Demand in Market
The implementation of these systems helps the medical sector maintain records of patients, facilitating automated medical billing, and virtual healthcare. Patient records include appointment scheduling, claim checking, insurance verification, charge entry and others. Such innovations are likely to bode well for the revenue cycle management outsourcing market.
The increasing prevalence of chronic diseases and the need for medical attention are increasing burden on healthcare centers such as hospitals for managing patient’s records.
With the advent of advanced technology such as artificial intelligence, machine learning, and block chain technology, the global healthcare revenue cycle management outsourcing market is likely to witness remarkable growth.
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In addition to this, the rise in healthcare expenditure has compelled governments take step towards helping the middle class population by introducing various healthcare schemes. Under such schemes, either healthcare expenditure is reduced or certain treatments for a certain stratum of the society come attached with exclusive reimbursement facilities. Maintaining such detailed information for a number of people is difficult. Also electronically managing revenue cycle requires high speed internet, besides considerable investment on technology. These factors are enabling growth in the global market for healthcare revenue cycle management outsourcing in future.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis: Cognizant, IBM , Flatworld Solutions, Pulse Systems, Inc., DrChrono, General Electric Manufacturing Company (GEM, Connvertex® Technologies, Inc.
SEGMENTATION
By Type
· Patient Access
· Patient Encounter
· Patient Billing
By Service
· Back-End
· Middle
· Front-End.
By End User
· Clinics
· Hospitals
· Ambulatory Surgery Centers
· Others.
By Geography
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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