Healthcare Finance News August 12, 2019
Increasing government spending is partially driving the market’s growth, along with initiatives to encourage adoption of third-party solutions.
The acceleration of technological advancement, paired with rising healthcare spending, are the key factors driving the growth of the healthcare revenue cycle management market, which is projected to be worth $104 billion globally by 2025, according to ResearchandMarkets.com.
Increasing government spending is partially driving the market’s growth, along with initiatives to encourage the adoption of third-party revenue cycle solutions.
Medical claims processing was found to have a large influence on hospitals’ revenue management generally, especially with the need to uphold quality insurance billing to achieve the best financial outcomes. A revenue cycle management team needs to be well-versed with accounts receivable management and...