A LOOK AT THE MEDICAL BILLING INDUSTRY IN 2020
Several reasons cater towards the loss of market share to giant aggregators in healthcare, and the introduction of cloud-based revenue cycle software is a big changeover with automation and as well as AI in medical billing. Although staying in line to new technological trends was more important to medical billing companies, they were unable to focus on localized and personalized services. On one hand, the need for embracing technology and seeking new revenue models playing an important role, on the other hand, medical billing companies had to compromise on their profits and embrace these changes.
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