As U.S. healthcare shifts from fee-for-service to value-based care, health IT companies in India see room for growth in America's revenue cycle management market, according to The Financial Express.
Here are three takeaways on the issue.
1. Hospitals — especially smaller hospitals — trying to implement a new payment model may have to outsource their RCM services to vendors to help navigate the changing U.S. healthcare environment, according to the report.
2. Sundar Subramanian, senior vice president and global delivery head of healthcare at Cognizant, told The Financial Express: "The healthcare industry has the opportunity to leverage the efficiencies and economies of scale offered by RCM outsourcers so that healthcare companies can focus on their primary objective — patient care. This will pave the way for greater RCM outsourcing in the future."
3. India-based companies are positioned well to leverage such outsourcing opportunities, Devendra Saharia, founder and CEO of AGS Health, told The Financial Express. But, the report notes, stakeholders acknowledge these India-based companies will need to invest in their people, processes and technology.
For more on this story, read BV Mahalakshmi's article in The Financial Express.
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