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Friday, February 23, 2024

Top 10 RCM Solution Providers 2023

With the advent of technology, the healthcare space is powerfully embracing the way to ‘change.’ RCM (Revenue Cycle Management), a challenging and crucial procedure for healthcare providers deals with the treatment payment lifecycle, which includes patient registration, claims generation, claims submission to the payer, and revenue collection for healthcare services provided to the patient.

AI being the buzz word, it is progressively making its way into the RCM space as well. From managing accounts to employee engagement and patient records, AI-enabled RCM solutions are creating a huge difference in the way healthcare facilities operate today. In order to switch staff to denial management, service providers have enhanced payer portal use, automated payment posting, and automated status. Growing healthcare consumerism has a wide range of effects on how care is provided. This megatrend is entwined with issues like price transparency, no-surprise billing, digital health, branded care delivery systems, and more.

The medical industry is in a transformation phase, and more solution providers are stepping into the space to offer improved and more convenient healthcare services. Our team of researchers, CEOs, CIOs, and healthcare veterans have selected a list of the Top 10 RCM Solution Providers 2023 who are a step ahead of the industry. The companies listed here are on a mission to redefine RCM work today.

Aspirion

Management:

Amy Amick

Designation:

CEO

Headquarters:

Columbus, GA

Website:

aspirion.com

Aspirion is a healthcare revenue cycle management company that provides solutions to healthcare providers, such as hospitals, clinics, and physician practices. The company offers services such as medical billing, coding, collections, and compliance support to help healthcare organizations improve their financial performance and efficiency.

athenahealth

Management:

Bob Segert

Designation:

Chariman & CEO

Headquarters:

Watertown, MA

Website:

athenahealth.com

athenahealth is a leading provider of network-enabled services and mobile applications for medical groups and health systems. At athenahealth, it’s their vision to create a thriving ecosystem that delivers accessible, high-quality, and sustainable healthcare for all. With a thoughtful balance of humanity and technology, the company is able to uncover meaningful healthcare insights.

CareCloud

Management:

A. Hadi Chaudhry

Designation:

CEO

Headquarters:

Somerset, NJ

Website:

carecloud.com

CareCloud is a cloud-based healthcare technology company that offers a range of solutions for medical practices and healthcare organizations. The company's offerings include electronic health records (EHR), practice management, revenue cycle management, and patient engagement tools. CareCloud's EHR solution is designed to help healthcare providers streamline their clinical workflows and improve patient care.

FrontRunnerHC

Management:

John Donnelly

Designation:

CEO

Headquarters:

Plymouth, MA

Website:

frontrunnerhc.com

FrontRunnerHC's data automation platform helps healthcare organizations maximize reimbursement while also enhancing their patients’ experience with instantaneous access to patient demographic, insurance, and financial information as early as possible and often as needed. FrontRunnerHC finds, verifies, and fixes patient information in real-time or batch, and at any point during the care journey from registration through payment, leveraging its access to the most payers in the industry. Defining the patient experience as the clinical journey + the financial journey, FrontRunnerHC helps address the challenges that jeopardize both the organization’s ability to get paid and their patients' experience.

MediCodio

Management:

Umesh Vaidyamath

Designation:

Founder & CEO

Headquarters:

San Ramon, CA

Website:

medicodio.com

MediCodio is a promising medical coding automation solution provider dedicated to simplifying medical coding workflows. The company offers its proprietary AI-powered medical coding assistant, CODIO, to healthcare organizations, ambulatory centers, and RCM companies.

Open Practice Solutions

Management:

Rylan Arnold

Designation:

President

Headquarters:

Hudson, OH

Website:

openpractice.net

OpenPractice is a cloud-based practice management solution designed for healthcare providers, including mental health and allied healthcare professionals. The solution includes features such as electronic health records (EHR), scheduling, billing, and telehealth. OpenPractice’s EHR includes customizable templates and forms, allowing healthcare providers to create clinical documentation that is specific to their practice

PMMC

Management:

Roger Shaul

Designation:

CEO

Headquarters:

Charlotte, NC

Website:

pmmconline.com

PMMC enables revenue strategies for hospitals and health systems with the industry’s most integrated and accurate revenue cycle management and managed care platform.

Practolytics

Management:

Manik Chawla

Designation:

CEO

Headquarters:

Columbia, SC

Website:

practolytics.com

Practolytics is a healthcare technology company that provides medical billing, coding, and revenue cycle management (RCM) services to healthcare providers, including hospitals, clinics, and other healthcare organizations. The company's solutions are designed to help healthcare providers optimize their financial performance, reduce administrative burdens, and improve patient care. The company's medical billing service includes a team of certified coders and billers who work to ensure that claims are submitted accurately and in compliance with regulations.

RevSpring

Management:

Scott MacKenzie

Designation:

CEO

Headquarters:

Nashville, TN

Website:

revspringinc.com

RevSpring is a healthcare communication and payment solutions company that provides a range of services to healthcare providers, including hospitals, medical groups, and revenue cycle management companies. The company's payment solutions include payment processing, payment plans, and charity care programs, which can help healthcare providers improve collections and reduce bad debt. The company's revenue cycle management solutions are designed to help healthcare providers streamline their billing and collections processes, reduce denials, and improve cash flow.

Viewgol

Management:

Doug Huffman

Designation:

CEO

Headquarters:

Frisco, TX

Website:

viewgol.com

Viewgol is reinventing healthcare revenue cycle management. Viewgol focuses on the revenue cycle industry within healthcare andallows their clients to leverage the over 100 strategies or detections to monetize the claims not paid by insurance carriers, prevent inaccurate data for financial analysis, and improve efficiencies within their teams. Viewgol also offers services to aid their clients who need staff to help claim unpaid dollars.

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