If you were on a walk and spotted a couple of billion dollars by the side of the road, odds are you would do something about it. But each year, healthcare organizations — hospitals, clinics, and practices — collectively lose billions of dollars to administrative costs, losses that could be avoided with more efficient Revenue Cycle Management (RCM) practices.
According to industry research firm IBISWorld, outsourced medical billing in the U.S. grew by an average 3.1% annually between 2015 and 2020, to $4.3 billion. More visits, more government regulations, and more complexity in healthcare are driving growth in an area where keeping a close eye on the books really pays off.
At eClinicalWorks®, we view medical billing and Revenue Cycle Management (RCM) as integral parts of delivering quality care. We offer customers a choice of do-it-yourself billing or an RCM service model in which eClinicalWorks does all the work.
At eClinicalWorks, we are 6,000 employees dedicated to improving healthcare together with our customers. More than 150,000 physicians nationwide — and more than 850,000 medical professionals around the globe — rely upon our EHR software for comprehensive clinical documentation, along with solutions for telehealth, Population Health, Patient Engagement, and Revenue Cycle Management. Privately held, and driven by innovation and excellence, we have a single focus — providing our customers with secure, cloud-based solutions to their healthcare IT needs.
Stay up to date with eClinicalWorks. Sign up for our newsletter.
eClinicalWorks | © 2023 All rights reserved | Privacy Policy | Terms of Use | Your Privacy Choices | Benefits Transparency
