A recent study by Blackbook Market Research found that 85% of the hospitals, provider organizations, and physician practices are either in the process of or considering replacing part or all of their Revenue Cycle Management solution. A significant factor driving this trend are the looming changes that are expected to come with value-based payment models, such as MACRA/MIPs and APMs. You can read the full article here.
There is still a lot of uncertainty among providers when it comes to understanding how the shift toward value-based payments will impact them, particularly those in smaller groups and private practices. With current billing staff often overwhelmed with keeping up with changing payer requirements, outsourcing some or all of their revenue cycle management is becoming and increasingly popular option.
If you are among that 85% of providers considering a change in your RCM solution, we would be happy to discuss your current situation with you to see if we can help improve your current processes and prepare for the coming value-based payment models.
Contact us for a free Practice Assessment.