The Advantages of a True RCM Partner Over a Vendor

The Advantages of a True RCM Partner Over a Vendor

| by HealthCell Insights in Healthcare Consumerism

The 2014 Black Book Report reveals that 95% of all independent physicians consider outsourcing revenue cycle management services and technology processes as the most sensible solution. Additionally, 90% of Solo and Small Physician Practices with in-house billing and collectors plan on outsourcing most or all of their medical billing functions within the next 24 months.

What this means is that the market for medical outsourcing is huge. With many independent practitioners and small physician practices becoming less profitable in recent years, and many facing questions about their long-term viability and pressures to sell out to a larger hospital system, they simply can’t afford to choose an outsourced solution that doesn’t get results.

While revenue cycle management vendors abound, there are huge advantages to opting for a true partnership. Our presentation below breaks down some of the key differences between an RCM vendor and an RCM partner.

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