RevCycle Intelligence January 25, 2019
Providers are increasingly seeking mid-revenue cycle management solutions to ensure accurate clinical documentation, coding, and data accuracy.
The revenue cycle is traditionally broken into the front and back ends. But a new market report shows providers are still looking to bolster the middle of their revenue cycles.
According to a recent Markets and Markets report, the mid-revenue cycle management and clinical documentation market is projected to reach $4.5 billion by 2023, growing at a compound annual growth rate (CAGR) of 7.9 percent.
Mid-revenue cycle management encompasses all the processes done between patient access and the business office. Clinical documentation, clinical coding, charge capture, pre-bill reviews, and other claim preparation processes occur in the “mid” revenue cycle.
The mid-revenue cycle was...