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Friday 16 May 2008

Revenue Cycle Management Healthcare

16may,2008

The Indian share of BPO revenues from the offshoring of revenue cycle management (RCM) services is estimated at USD 125 million for the year 2006. This report Research the total revenues from this segment to reach USD 410 million by 2011.
Two of the “core” processes in revenue cycle management (RCM) services are medical coding and billing. In this report, we have discussed billing and coding within the context of RCM services. The emphasis (and estimates) for this report relate to medical coding and billing. Medical transcription, which is another “specialized” service not offered by “generic” BPOs has not been covered in this report, and revenue and manpower estimates exclude medical transcription.
The RCM industry in India is still at a nascent stage. While there are certain large vendors offering end-to-end RCM services such as Perot Systems, Apollo Health Street, Zavata and Ajuba there are few others focused on offering certain specific services such as medical coding, payment posting, accounts receivable, etc.
It has been recognized four vendors as potential winners in this space: Ajuba, Apollo Health Street, Perot Systems and Zavata.
The report provides an overview of the buyer scenario and an in-depth analysis of the Indian vendor space along with profiles of major industry players. The report is designed to help:
US hospitals, physician groups and US based RCM companies looking to outsource/offshorePotential vendors / facilitators to assess opportunitiesOutsourcing consultants to evaluate and compare the offerings of vendorsOutsourcing consultants to evaluate and compare the offerings of vendorsResearchers looking for detailed information on RCM offshoringThis study is based on secondary data as well as extensive interviews with key people at various BPOs (captive as well as third-party) in India.
Source :http://www.bharatbook.com/detail.asp?id=30029

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