Contracting and deal structure leverages AI and industry best practices to save U.S. healthcare organizations up to 50 percent on operating costs
Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm, has launched a standard for revenue cycle contract management for U.S. healthcare organizations that can cut operating costs by as much as half.
The ISG offering is the first standardized contracting framework for U.S. healthcare organizations seeking to engage providers of revenue cycle management – the end-to-end financial management of a patient’s account from initial appointment scheduling to final payment collection.
“As U.S. healthcare organizations face a surge in uninsured patients and steep, new operational and administrative burdens, revenue cycle management has become a critical tool for maximizing revenue and cash flow,” said James Burke, partner and ISG Healthcare lead. “Standard contract terms, flexible deal structures and AI-based platforms and services will bring this market the best practices and cost optimization it needs to meet its transformation mandates.”
The ISG approach makes revenue cycle management …
Full story available on Benzinga.com
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