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CFO Black Book Healthcare Survey on Outsourcing RCM and ROI - PPT (1)

according to the 2023 Black Book healthcare survey, revenue cycle outsourcing has become a powerful solution to optimize revenue cycle management (RCM) processes in the healthcare industry. The Black Book healthcare survey highlights the increasing adoption of outsourcing RCM services, driven by the need to maximize ROI and adapt to a changing healthcare landscape.<br><br>Key survey findings reveal that 17% of hospitals are synchronizing RCM transition activities through advisors and consultants. As the industry shifts towards value-based care, 78% of healthcare providers have yet to select technolo

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CFO Black Book Healthcare Survey on Outsourcing RCM and ROI - PPT (1)

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  1. CFO Black Book Healthcare Survey on Outsourcing RCM and ROI

  2. Black Book Healthcare Survey Results 17% of surveyed hospitals are synchronizing RCM transition activities. Majority of healthcare providers (78%) failed to select technology vendors. 78% Revenue cycle outsourcing services on the rise as a provisional solution.

  3. Revenue Cycle Outsourcing Benefits Optimizes ROI revenue cycle management. Reduces costs and increases efficiency. Allows healthcare providers to focus on delivering high-quality patient care.

  4. CFO Perspective on RCM Outsourcing of Hospital CFOs consider RCM outsourcing services a valuable stop-gap measure. 80% 2/3 200 Two-thirds seek RCM outsourcing agreements extending 18-36 months. End-to-end RCM outsourcing seen as best solution for hospitals under 200 beds.

  5. Importance of Quick Action 50% of US hospitals failed to initiate a sustainable RCM plan. 50% 200 Delays in RCM transformation programs for hospitals under 200 beds. Smaller hospitals prioritize vendor relationships over RCM performance.

  6. Future Trends in RCM Outsourcing Combination of automation (RPA) and outsourcing services to improve RCM operations. Hospitals considering supplementing existing RCM software with outsourcing services. Coding repercussions and value-based reimbursement opportunities driving the need for outsourcing.

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