6 Healthcare Revenue Cycle Management Systems To Watch
Healthcare professionals look to the latest RCM platforms to help them process patients efficiently while satisfying new regulations. We compare choices in this critical category.
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According to Jim Elliot, VP of marketing for ADP AdvancedMD, the RCM market is a dynamic environment where rules are constantly changing. "There's quite a mismatch between the complexity of claims processing and the systems of the payers and the doctors and practices in hospitals trying to get their money of out the system," Elliot told InformationWeek Healthcare. He believes the changing landscape is driving the need for RCM systems that are up to par with the payer's system and the government compliance requirements on an ongoing basis.
Born as a Web-based application, ADP's AdvancedMD software has been around for more than 10 years. At the core of the software is a cloud-based practice management and billing system that providers can access from anywhere.
About 350 medical billing companies use the ADP AdvancedMD software as their core business engine, and Elliot plans to roll out mobile applications to make access easier. It has an iPad-based charge entry system that is currently in beta testing.