23% of U.S. Hospitals Plan to Engage Professional Services Firm to Assist with Clinical System Implementation

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CapSite 2011 U.S. Professional Services Study

www.CapSite.com

While the market for RCM engagements slowed in 2009, we found that activity picked back up in 2010 with the strongest demand projected for firms to assist in optimizing providers' revenue cycle.

CapSite™ announces the release of the 2011 U.S. Professional Services Study, a strategic analysis of the Healthcare Management Consulting market. The study represents unique Voice of Customer (VOC) insight from more than 400 U.S. hospitals across all segments of the market.

The study sheds light on both historical and planned professional services engagements across a variety of engagement types including:

  •     Clinical: Transformation, System Implementation, Vendor Selection
  •     Revenue Cycle Management (RCM): Optimization, Staff Augmentation, Outsourcing, Vendor Selection, System Implementation

“The American Recovery and Reinvestment Act of 2009 (ARRA) and HITECH Act has created an active market for professional services firms as healthcare providers look for assistance with clinical system implementations to achieve Stage 1 Meaningful Use of their Electronic Health Record (EHR) systems, says CapSite Sr. VP and GM, Gino Johnson. ”Our study found the market for clinical engagements has been accelerating since 2008, with 44% of U.S. hospitals having engaged a professional services firm for a clinical project during this timeframe.

“While the market for RCM engagements slowed in 2009, we found that activity picked back up in 2010 with the strongest demand projected for firms to assist in optimizing providers' revenue cycle,” Johnson continues.

Professional Services Vendor Market Penetration / Share and Vendor Mind Share coverage includes:
Accenture, Accretive Health, ACS, Allscripts, Anthelio, Beacon Partners, BearingPoint, Cerner, CPSI, CSC, CTG, Dell, Deloitte, Epic, FTI, GE, HP, Huron Consulting Group, IBM, ICE Technologies, InfoPartners, Ingenix, Kurt Salmon & Assoc., McBee, McKesson, McKinsey & Co., Meditech, Navigant, Navin Haffty & Assoc., PricewaterhouseCoopers, QHR, Siemens, VHA and Zimmerman

About CapSite™

CapSite™ is a healthcare technology research and advisory firm. CapSite’s mission is to help our healthcare vendor and provider clients make more informed strategic decisions. The CapSite™ database is the trusted, easy-to-use online resource, providing critical knowledge and evidence-based information on healthcare technology purchases. The CapSite database represents more than 120 healthcare technology categories and 800 vendors. CapSite™ provides detailed transparency on healthcare technology pricing, packaging and positioning.

When it comes to healthcare technology research, it helps to see all the details. Those details are now available with CapSite™.

To obtain a complimentary copy of the report Table of Contents, visit CapSite.com

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Leela Hauser
CapSite
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