Revenue Cycle Management Outsourcing Projected to Expand
Investment in revenue cycle management (RCM) outsourcing is set to expand at a compound annual growth rate of 7.2 percent through to 2019, according to a recent report from MicroMarket Monitor, a market research firm.
The report, which examines North America’s revenue cycle management market, was prepared through “extensive primary and secondary research.” The report’s findings are supported by previous reports which indicate that the RCM market is growing.
“RCM has become one of the most popular functions for healthcare providers to outsource, due to its critical importance and significant challenges associated with managing internal functionalities of hospitals and clinics, in an efficient and cost-effective manner,” the report notes. “The transformation of the U.S. healthcare facility is anticipated to ensure widespread adoption of these outsourced services.”
Consistent with this trend and as one of these outsourced RCM providers, Nearterm has experienced increased demand for our services, particularly for our nationwide Interim Management, Technicians (Coders, Billers and Collectors) and Healthcare Executive Search.
The entire report can be bought on the MicroMarket website.