The global medical billing outsourcing market size is projected to reach USD 19.7 billion by 2026 expanding at a compound annual growth rate (CAGR) of 11.8%, according to a Grand View research report. The report reveals that revenue cycle management (RCM) is one of the most complex components of healthcare IT business driven by challenges in rising healthcare costs, market consolidation, an explosion in clinical documentation, and value-based care initiatives.Key Market Drivers for Global
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PE Firm Considering Options Including Sale of RCM Provider Waystar
Private multi-asset alternative investment firm Bain Capital is reportedly considering options including the potential sale of revenue cycle management (RCM) company Waystar, Bloomberg reports. In 2018, Bain rebranded RCM companies Navicure and ZirMed as Waystar after merging the two companies together in 2017. Waystar Sale Could Value Company At More Than $3BBain has started early-stage discussions about a potential sale that could value the business at more than $3 billion, according to
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Optum360, Navicure, ZirMed Named Top Vendors for Revenue Cycle Management Solutions
Optum360, Navicure, ZirMed and others have been named top revenue cycle management vendors in customer satisfaction and client experience, according to Black Book Market Resaerch for 2017. For the report, Black Book surveyed 6,033 hospital and health system Chief Financial Officers, Vice Presidents of Finance and RCM, Controllers, Business Office Managers, Staff and Directors to determine the top performing vendors among in-demand financial software, systems and outsourcing services, and assess
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Navicure Integrates With Epic to Streamline Automated Patient Payments for Epic Users
Navicure, a provider of integrated cloud-based medical claims management, patient payment and healthcare data analytics solutions has announced the integration of Navicure Payments with Epic solutions. The Epic integration will allow Epic users to use Navicure’s automated patient payment solution through their existing Epic system, including MyChart, providing access to a full range of patient payment options on one, consolidated platform.Key features of the Navicure Payments’ Epic integration
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Survey: Providers & Patients Disagree on How Long It Takes Patients to Pay
Providers and patients disagree on how long it takes patients to pay, according to key findings from Navicure's first Patient Payment Check-Up. The recent survey conducted by HIMSS Analytics and fielded in January 2017 assesses differences in attitudes and behavior between those billing for healthcare and those paying for it. The survey reveals over half of providers (51%) say it takes their average patient more than three months to pay their full balance. Only 18 percent of patients claim it
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The State of Healthcare Data Analytics & Reporting: 9 Things to Know
Majority of healthcare organizations do not have have a data analytics solution in place to improve their revenue cycle, yet are currently looking to implement a solution, according to a recent survey conducted by Navicure. Conducted in May and June 2016, Navicure® commissioned Porter Research to conduct a national survey with over 600 healthcare leaders to gauge their current data analytics and reporting processes, challenges and technologies. Here are nine key findings from the
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