Digitizing and automating what can be an inefficient, paper-driven process is the kind of low-hanging fruit that many startups target and revenue cycle management offers fertile ground for those purposes.
Revenue cycle management, from scheduling appointments to the final medical bill payment, continues to be the focus of much investment and M&A activity, particularly in the past year. Although providing transparency to the cost of medical procedures was a starting point for some, other motivations have included helping plan members to stay within their network, reducing errors, and making bills easier for consumers to understand.
The latest eBook from MedCity News, Revenue Cycle Management, represents a snapshot of some of the activity we’ve seen in the past few years from companies such as Health iPass and Inbox Health to JP Morgan’s acquisition of InstaMed.
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