Based on a recent Black Book Survey of Physicians (blackbookrankings.com) here are some startling industry stats shared and discussed on this week’s webinar:
– 42% of All physicians hope to outsource their billing in the next 12 months
– 81% of All physicians say they are overworked
– Physicians spend 20% of their day on paperwork
– 89% of All physicians agree their billing and collections systems need upgrading
– 87% of All physicians state a preference for a single source RCM/EHR vendor
As you can see, the Future of Revenue Cycle Management is having a specialist outside the office do the hard stuff, so the doctors can focus on practicing medicine.