Abstract
Billing and Claims IT Systems Become Secondary Solutions
Billing and claims management systems emerged out of the growing need for healthcare providers to find solutions that could help them manage rising costs of healthcare as well as increase their overall administrative efficiency. The range of solutions developed by IT vendors to address these needs helped provider practices become more fully automated and integrated into virtually every aspect of the value chain. However, recent trends reveal that healthcare providers focus is moving away from such systems to integrated electronic medical records (EMR) solutions, which they believe form the crux of the IT value chain. This is causing drastic changes within the billing and claims IT markets and these systems are being increasingly considered an offshoot of EMR solutions. The primary driver for this shift is the comprehensive nature of EMRs, which consolidate patients personal and administrative information, health history, prescriptions, treatments, and conditions. From an IT vendors perspective, this shift is critical because it significantly affects product positioning and development as well as industry partnerships and merger and acquisition strategies.
This Frost & Sullivan research service is an in-depth analysis of the billing and claims IT markets in the United States. The studys analysis of changing market trends helps in identifying major growth opportunities and understanding the future direction of the markets, while its detailed competitive profiling can help vendors develop appropriate strategies for increasing market share.
View Cart
