According to Becker’s Hospital CFO, revenue cycle management (RCM) will become one of the fastest growing segments of the healthcare industry. Data from MicroMarket Monitor shows the RCM market growing at a compounded annual rate of 7.2 percent from 2014 to 2019. Most hospitals and large health systems understand that RCM is not one of their organization’s core competencies and choose to outsource it, making for a thriving RCM market. More than 80 percent of hospitals have reported that they have experienced revenue increase in 2014 as a direct result of outsourcing, with the growth averaging 5.3 percent.
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