KLAS: Meaningful Use, ICD-10 Spurring Growth in Revenue Cycle Market | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

KLAS: Meaningful Use, ICD-10 Spurring Growth in Revenue Cycle Market

December 6, 2012
by Gabriel Perna
| Reprints

New research from the Orem, Utah-based KLAS indicates that provider pressures to meet meaningful use and ICD-10 regulatory requirements while also cutting costs have driven growth of the revenue cycle services (RCS) market. The report, Revenue Cycle Services: Which Firms Deliver Big Returns?, looks at the various reasons why more providers are outsourcing revenue cycle services, with bottom-line cash improvement and process improvement as the top benefits cited by providers.

"Providers are looking at every process in their revenue cycle," Mike Smith, VP of professional services research at KLAS, said in a statement. "Many are turning to third-party firms for extra help with everything from temporary project-based work to continual assistance with ongoing A/R follow-up or even full outsourcing of their revenue cycle department."

Accretive, Anthelio, Apollo Health Street, Cymetrix, Deloitte Consulting, Dell Services, FirstSource, Huron Consulting, MedAssets, PwC, and Xerox are the firms looked at in the report.

Topics

News

NewYork-Presbyterian, Walgreens Partner on Telemedicine Initiative

NewYork-Presbyterian and Walgreens are collaborating to bring expanded access to NewYork-Presbyterian’s healthcare through new telemedicine services, the two organizations announced this week.

ONC Releases Patient Demographic Data Quality Framework

The Office of the National Coordinator for Health IT (ONC) developed a framework to help health systems, large practices, health information exchanges and payers to improve their patient demographic data quality.

AMIA, Pew Urge Congress to Ensure ONC has Funding to Implement Cures Provisions

The Pew Charitable Trusts and the American Medical Informatics Association (AMIA) have sent a letter to congressional appropriators urging them to ensure that ONC has adequate funding to implement certain 21st Century Cures Act provisions.

Former Michigan Governor to Serve as Chair of DRIVE Health

Former Michigan Governor John Engler will serve as chair of the DRIVE Health Initiative, a campaign aimed at accelerating the U.S. health system's transition to value-based care.

NJ Medical Group Launches Statewide HIE, OneHealth New Jersey

The Medical Society of New Jersey (MSNJ) recently launched OneHealth New Jersey, a statewide health information exchange (HIE) that is now live.

Survey: 70% of Providers Using Off-Premises Computing for Some Applications

A survey conducted by KLAS Research found that 70 percent of healthcare organizations have moved at least some applications or IT infrastructure off-premises.