Middle Market Growth July 5, 2023
From PE investors to strategic acquirers, AI is fueling M&A activity within RCM and HCIT
Throughout the evolution of the Revenue Cycle Management (RCM) and Healthcare Information Technology (HCIT) industries, their goals have largely remained the same: improve care, capture 100% of revenue for services performed and minimize costs. Today, healthcare facilities continue to rely on traditional methods to achieve these goals, including using outsourced labor to control costs.
But new opportunities are emerging as technology improves efficiencies and effectiveness, and artificial intelligence could be the next game-changer in RCM and HCIT. Within healthcare, 98% of leaders indicate that their organization has or plans to implement an AI strategy, according to data from healthcare services provider Optum.
AI adoption has...
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