Healthcare Organizations' Strategies to Ensure Quality Care Delivery While Maximizing Billing and Reimbursement
Posted on: Wednesday, 16 April 2008, 12:01 CDT
Research and Markets (http://www.researchandmarkets.com/reports/c88967) has announced the addition of "Trends in Healthcare Financial Systems" to their offering.
Hospitals and ambulatory care groups, like other types of businesses, rely on financial systems to manage administrative and financial back-office functions. Although many of healthcare's financial requirements are identical to mainstream business needs, others are very different due to industry regulations and the added complexity of third-party payers.
Traditionally the domain of healthcare information system (HIS) vendors, the healthcare financial system sector is now populated by both HIS vendors and best of breed financial system vendors all competing for market share. Another major change in the market is the evolution of system names and functionality in HIS and physician practice management products. Current offerings incorporate clinical applications to provide more comprehensive and more integrated systems with improved alignment between front-end clinical data collection and back-end billing functions.
Although nearly all healthcare organizations have some sort of financial system, care provider organizations continue to meet emerging challenges by replacing legacy systems or adding on specialty financial management software packages. But having a robust financial system doesn't ensure that care delivery organizations are able to optimize billing and reimbursement.
From the Healthcare Informatics Research Series, Trends in Healthcare Financial Systems explores healthcare organizations' strategies to ensure quality care delivery while maximizing billing and reimbursement. Using survey information gathered from senior HIT executives, the report assesses the current state of financial and revenue cycle management systems among healthcare providers. It also considers how major trends, including consumer-directed healthcare and pay-for-performance programs, are affecting financial operations.
In addition, Trends in Healthcare Financial Systems delves into the impact of increased consumer responsibility and changing reimbursement models. Other questions the report answers include:
- What do care providers see as their single greatest challenge in streamlining reimbursements--and what are they doing about it?
- Are revenue cycle management systems living up to their promise?
- One in four organizations plans a financial system purchase or upgrade. What are they looking for?
- What are the most difficult regulatory compliance measures to meet among providers?
Trends in Healthcare Financial Systems examines how hospitals, healthcare delivery networks and ambulatory care providers feel about the upcoming transition to ICD-10 clinical coding. It also identifies market penetration for different types of financial and revenue cycle management solutions--and the vendors that provide them.
Key Topics:
- Executive Summary
- Respondent Demographics and Infrastructure Capabilities
- Financial Systems Functionality
- Reimbursement Issues
- Revenue Cycle Management
- Key Issues and Trends
- Corporate View
Companies mentioned:
- Accura Software Inc.
- American Health Information Management Association
- Automatic Data Processing
- Blue Cross Blue Shield
- Bridges to Excellence
- Centers for Medicare & Medicaid Services
- Cerner Corporation
- Council for Affordable Quality Healthcare
- Defran Systems Inc.
- Department of Veterans Affairs (VistA)
- Eclipsys Corporation
- emsCharts
- Epic Systems Corporation
- GE Healthcare
- Health Care Software, Inc.
- Healthcare Management Systems
- IO Practiceware
- Lawson Software
- McKesson
- MedAssets (Avega)
- Meditech (Medical Information Technology Inc.)
- Oracle Corporation
- QuadraMed
- SAP
- SCC Soft Computer
- Siemens Medical Solutions USA, Inc.
- SSI Group, The
- The Leapfrog Group
- ZOLL Data Systems
For more information visit http://www.researchandmarkets.com/reports/c88967
Source: Business Wire
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