CapSite recently published their 2012 Revenue Cycle Management (RCM) Study. With almost 400 participants representing over 360 US hospitals the results represent a statistically significant sampling, and I think you will find the results quite telling:
- 21% of U.S. Hospitals Plan to Replace Their Core RCM Solution Within the Next 24 Months
- 53% Expect to Upgrade Their Current Core RCM Solution to Address Healthcare Financial Regulatory Changes
Burlington, VT, June 29, 2012— CapSite™ announces the release of the 2012 U.S. Revenue Cycle Management (RCM) Study. The study is the most recent in a series of CapSite strategic industry reports focused on the RCM market. The study represents unique Voice of Customer (VOC) insight from more than 390 hospitals on the market opportunity and vendor market share across the U.S.
The objective of the 2012 RCM study was to assess how the HITECH Act focus on stimulating the adoption of Electronic Health Record (EHR) and Health Information Exchange (HIE) solutions combined with the delay in the ICD-10 compliance deadline is impacting the RCM market.
“Our study clearly shows an active RCM market over the next 24 months as more than 20% of U.S. hospitals will be replacing their core RCM solution while another half will be investing in upgrades of their current core RCM solution.
Additionally, we found that Patient Insurance Eligibility Verification and Coding solutions are at the top of hospitals bolt-on RCM solution shopping list.” says CapSite Sr. VP and GM, Gino Johnson.
The study includes visibility into U.S. hospitals:
- Overall IT strategic priorities for the next 24 months
- Most challenging RCM areas impacting their financial performance
- Top bolt-on RCM solutions they are planning to purchase
- Confidence levels in RCM and Clearinghouse vendors preparedness for ICD-10
- ICD-10 delay impact on RCM investment plans
- Meaningful Use (MU) impact on RCM investment plans
Vendor Market Share coverage includes:
Allscripts, Availity, Cerner, CPSI, DSG, Emdeon, Epic, Gateway EDI, GE, Healthland, HMS, McKesson, MedAssets, Meditech, Navicure, Nebo, NextGen, OptumInsight, Passport, Quadax, QuadraMed, RelayHealth, SCI, Siemens, SSI, Unibased, ZirMed
The CapSite database provides unique transparency on Healthcare Technology pricing and packaging.
CapSite is a healthcare technology research and advisory firm. Our mission is to help our healthcare vendor and provider clients make more informed strategic decisions. The CapSite™ database is the trusted, easy-to-use online resource, providing critical knowledge and evidence-based information on healthcare technology purchases. The CapSite database represents more than 150 healthcare technology categories and 1,500 vendors.
CapSite has a strategic alliance with AHA Solutions to bring the CapSite database to the 5,000 AHA member hospitals.