The pandemic initiated a financial downturn for healthcare providers, who were already grappling with administrative inefficiencies, as elective surgeries were halted, and foot traffic decreased. Although patient volumes are gradually returning to pre-pandemic levels, the unprecedented talent shortage exacerbated by the pandemic is posing severe challenges for healthcare providers.
As a result, healthcare providers are reconsidering their Revenue Cycle Management (RCM) strategy to future-proof their operations against unexpected disruptions. As part of this strategic overhaul, healthcare providers are becoming more open to outsourcing and even offshoring certain operations to third-party providers. The objective is to alleviate cost pressures and ensure the continuity and consistency of operations. Healthcare providers are also seeking to transform their revenue cycle function by adopting technology to reduce their reliance on talent and streamline operations.
Recognizing this opportunity, multiple RCM start-ups with a focus on transforming RCM functions have emerged over the past decade. These start-ups are constantly innovating to provide agile, scalable, and easily integrable out-of-the-box solutions that deliver deep insights and prescriptive suggestions.
In this report, we assess start-ups that offer dedicated services, software, and solutions mainly focused on the RCM market, and evaluate their core capabilities and market impact.
Scope
- Industry: healthcare
- Geography: global
Contents
In this report, we:
- Explore the drivers leading to outsourcing in the RCM market
- Discuss upcoming themes in the RCM industry
- Provide an outlook on technology enablers in the RCM market
- Introduce a framework to evaluate high-potential start-ups in the RCM market
- Highlight the trailblazers in RCM, including their assessment, leaderboard, and profiles
Membership (s)
Healthcare Payer and Provider Business Process
Healthcare Payer and Provider Information Technology
Sourcing and Vendor Management
