Burlington, VT (PRWEB) October 03, 2013
HIMSS Analytics continues its series of strategic industry reports with the release of the 2013 Inpatient Revenue Cycle Management (RCM) Study. The study represents unique Voice of Customer (VOC) insight from over 500 respondents on market share, market opportunity and vendor mind share across the U.S. market.
The 2013 study focuses specifically on the following areas: Eligibility, Address Verification, Scheduling, Registration QA, Medical Necessity, Pre-authorization, Bill Estimation, Cashiering, Charity Screening, and Propensity to Pay.
“We wanted to provide granularity around functions used in the Inpatient RCM arena, including how hospitals are approaching those functions and how large of a role they play in conducting transactions on an annual basis,” said HIMSS Analytics Research Director, Brendan FitzGerald. “As the industry continues to change, a move toward vendor solutions by hospitals could help ease the burden of keeping up with financial regulations and help organizations move toward more seamless revenue cycle transactions.”
The study includes Voice of Customer (VOC) insight from over 500 respondents. Highlights of which include:
- High level of adoption for vendor solutions in the areas of Eligibility and Scheduling, with lots of work to be done around Charity Screening and Propensity to Pay.
- Respondents indicated their intent on replacing or purchasing net new solutions for RCM functions such as Address Validation, Pre-Authorization, and Bill Estimation, among others.
Vendor Market and Mind Share coverage includes:
Advisory Board, Emdeon, Experian/Search America, HDX/Sismens, MedAssets, MedeAnalytics, Passport, Recondo, RelayHealth, SSI, TransUnion
About HIMSS Analytics
HIMSS Analytics is a wholly-owned, not-for-profit subsidiary of the Healthcare Information and Management Systems Society (HIMSS). The company acquired CapSite in October 2012 and offers a portfolio of healthcare information technology market intelligence products and services, including detailed analytics tools, market research, and customized consulting. Visit http://www.himssanalytics.org or http://www.capsite.com for more information.
To obtain a complimentary copy of the Table of Contents, visit the Reports page at http://www.capsite.com. To request a copy of the Study, please email consulting(at)himssanalytics(dot)org.
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