As hospitals, physicians and insurers deal with shifting reimbursement scenarios and IT investment demands, a recent Black Book Rankings survey reveals that 96% of organization executives are in the active acquisition process of several crucial ACO data solutions. These technologies in evaluation priority include: clinical decision support, revenue cycle management, health information exchange, electronic health record systems (new and replacement) , e-prescribing, data center security and storage solutions, business intelligence, and care coordination management. However, less than 7% of accountable care organizations indicated that they are executing a synchronized stakeholder strategy for information technology due to lack of funds and/or expertise at this point in development.
Based on the uncertainty of their current system capabilities to meet reimbursement complexities, 88% of ACO leaders indicated they intend to seek external advisement from consultants and vendors to identify ACO provider technology needs and make system selections.
“The rapid adoption of HIE, bundled revenue cycle management, business intelligence and clinical decision support systems are clearly driven by accountable care implementation, meaningful use implementations, the need for care coordination, outcome based reimbursement challenges, available funding, and opportunities for regional stakeholder participation.” says Black Book’s Senior Partner, Doug Brown.
The 2012 Black Book IT Yearbook for ACOs report, released today also ranks the top software and service vendors based on the responses of early adopters and users, as well as currently implementing ACO customers.
The comprehensive survey of 1100 healthcare delivery organizations leaders provides aggregated insight into the conditions and priorities of the developing ACO marketplace. The Black Book IT yearbook also guides executives on over one hundred functionalities they need to automate in planning a successful ACO operation.
A handful of vendors achieved the highest client satisfaction rankings in the ACO subgroup of 2012 Black Book survey participants. “ACO solution buyers are overwhelming looking for proven vendors with successful track records with early adopters”, added Brown. “The IT yearbook assists organizations in pinpointing those vendors with both developing ACO experience and high customer satisfaction, which can be a very intensive process for a start-up ACO.”
87% of prospective ACO purchasing decision makers indicated an intention to only consider established, top tier vendors, creating a potential multimillion dollar revenue surges for leading technology firms in the next year.
Lists of the top vendors by functionality and service line can be viewed at http://www.blackbookrankings.com.