Healthcare service providers have long since deployed automated systems to address RCM processes. Legacy IT applications have outdated technology platforms that lack the advanced functionality needed to address new models for reimbursement or RCM. The complex processes of medical billing and collections resulted in gaps and inefficiencies that have led to loss in revenue. Considering the issues pertaining to revenue cycle processes and workflows, hospitals and health systems considered the outsourcing option for RCM service. The outsourcing of RCM services ensures maximum collections in the face of growing challenges and also reduces the potential revenue leakage for different RCM processes. The analysts forecast the Healthcare RCM Outsourcing market in the US to grow at a CAGR of 15.51 percent over the period 2014-2019. Access to full report… (RESEARCH AND MARKETS: JULY 8, 2015)
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