Healthcare Revenue Cycle Management | 2015Click Here To Download Report
Healthcare is being pushed to a 90% adoption rate of value-based reimbursements by the end of the decade. This is causing hospitals to explore the growing number of alternative payment models. While only 35% have already contracted with a vendor, many more say they’re onboard and will be exploring their options in the future.
As this transition progresses, healthcare systems are looking at cost-cutting measures to insulate themselves from the unknown. Vendors, beware. Those that fail to be innovative partners on this front are being viewed as deadwood and CFOs are about to pick up their axes.
Adoption of value-based payment models
35% of hospitals have already contracted with vendors to help them make the transition from fee-for-service to value-based payment models. The majority (61%) indicated they will be making the jump.
Services most likely to be outsourced
At the top of the list, 46% of hospital CFOs said they would consider outsourcing collections. At distant second and third, were contract management (24%) and denial management (23%).
Revenue cycle management improvements
Hospital CFO’s indicated that ICD-10 migration, improving the patient experience, and point-of-sale collections as the most critical areas that need to be addressed to improve revenue cycle management.
Value-based payment mindshare leaders
Find out the vendors with the greatest share of the market for value-based payment solutions and services. Also, which vendors are being considered as hospitals continue to adopt these models?