Here are five articles published by Becker's Hospital Review this past week that offer insight on debt collection practices, revenue cycle management deal activity, RCM product launches and more.
1. Medical debt is No.1 reason collection agencies contact consumers
Medical debt is the most common type of past-due bill or payment for which consumers are contacted by collection agencies, according to a study by the federal Consumer Financial Protection Bureau.
2. 10 hospitals, health systems seeking RCM talent
A roundup of 10 hospitals and health systems that recently posted job listings seeking RCM expertise.
3. RCM deal activity increased 47% in 2016: 6 takeaways
Greenberg Advisors, a revenue cycle management-focused investment bank, released data regarding RCM merger and acquisition activity and trends in 2016.
4. 6 recent RCM product launches
Here are six companies that debuted revenue cycle management products for healthcare vendors and providers so far in 2017.
5. Report: Global RCM market to reach $44B by 2022
The global revenue cycle management market amounted to $23.4 billion in 2016 and is anticipated to grow to approximately $43.8 billion by 2022, according a Zion Market Research report.