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2010 U.S. Revenue Cycle Management Study
Date:6/21/2010

Strategic Analysis of Industry Progress with Direct Provider to Payer Transactions & Industry Readiness for New HIPAA 5010 Format

(PRWEB) June 21, 2010 -- CapSite™ Consulting, a healthcare technology research and advisory firm, announces the release of the 2010 U.S. Revenue Cycle Management (RCM) Study. The study represents a strategic analysis of the U.S. Hospital market for revenue cycle solutions with a specific focus on the EDI and Claims Management market.

The study, based on insight from more than 400 U.S. hospitals, provides a unique assessment of the RCM market including:

 
  • Vendor market share / penetration
  • Industry outlook on direct submissions to payers
  • Market opportunity / spending forecast
  • Industry readiness for the new HIPAA 5010 format

“Given the industry’s focus on Meaningful Use of Electronic Health Records (EHR) as part of the HITECH Act, as well as the recently passed Healthcare Reform legislation, our goal was to assess the current state of the RCM market to evaluate industry progress and opportunities in light of the focus on clinical adoption,” says CapSite Consulting Research Director Brendan FitzGerald. “Our analysis indicates the U.S. Hospital Market for Claims Management / EDI represents $950 million in new and replacement business with $150 million in spending projected over the next 18 to 24 months.”

The study also provides Voice of Customer (VOC) insight on the most valuable product attributes, product areas needing improvement as well as the prim
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