The dramatic increase in interest in patient accounting performance data indicates that many providers are ramping up their search for a go-forward strategy. This appears to be the fulfillment of the prediction made in the KLAS 2011 patient accounting report, in which more than 50% of providers interviewed said they would replace their patient accounting systems within 5 years. This and other insights can be found in the KLAS report entitled Patient Accounting 2013: Is Revenue Cycle the Next Big Investment?
With the foundational elements of meaningful use and ICD-10 transition efforts well underway, providers are now looking to optimize their revenue cycle and prepare for an accountable care billing environment. At the heart of their decision, many providers want to know which vendors can align with their long-term integration goals.
“Many providers are trying to figure out which vendors make the most sense for them long term,” said Mike Smith, VP of financial research and report author. “The insights in this report will be really helpful for those providers trying to make the connection between their existing systems and which vendors can help them get to the next level.”
The report covers differentiation between the leading patient accounting vendors. The vendors rated in this report include Allscripts, Cerner, Epic, GE, McKesson, MEDITECH, QuadraMed, and Siemens. To learn more about the patient accounting vendors and the findings in this study, check out the full report, Patient Accounting2013: Is Revenue Cycle the Next Big Investment? This report is available to healthcare providers at a significant discount.