New industry research reveals the financial impact of adopting a revenue cycle management (RCM) platform strategy. The 2024 report captures perspectives from senior executives from 36 unique health systems with over $2 billion in total operating revenue.
According to a joint study by Waystar and The Health Management Academy (THMA), 73 percent of leading health systems currently use four or more software vendors to manage revenue cycle and administrative functions. The study examines how adopting an end-to-end platform strategy helps avoid managing multiple vendors, mitigate operational and security vulnerabilities associated with maintaining disparate systems, and concentrate on patient care.
- Why leading healthcare systems are moving toward RCM software
- How to win with an end-to-end platform strategy
- What to look for in a new RCM platform partner
