Now that ICD-10 has arrived and hospitals are concentrating less on EHR executions to earn meaningful use incentives, “revenue cycle opportunities are rising up,” in accordance to PiperJaffray.
PiperJaffray analysts Sean Wieland and Nina Deka wrote in a day of March 31 brief that “66% of hospitals plan to concentrate on making better the revenue cycle operations,” citing a latest study by the clearinghouse Navicure.
That translates to what Deka and Wieland called “a very real multi-billion dollar opportunity,” for hospitals and technology vendors alike.
PiperJaffray believes that potential so real, in fact, that it estimated Cerner alone could pull in a whopping $40 billion during the next decade from RCM tools, notably its RevWorks software, “if Cerner fully penetrated its existing base.”
And while PiperJaffray’s brief concentrated on Cerner, which is one of its customers, there are other RCM industries no doubt looking to cash in on the opportunity as well.
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