Dear Reader,
Welcome to the December 2008 issue of Healthcare Outsourcing Market Intelligence! While the recent global market meltdown has impacted outsourcing companies and creates its own set of opportunities, healthcare has emerged as a relatively defensive sector that offers opportunity for growth.
In this issue's expert views section, J.R Thomas, CEO at MedSynergies, Inc. a leading provider of revenue cycle management solutions, discusses the imbalances in the healthcare system and the opportunities and challenges that they create. Deals in the spotlight include SCIOinspire's acquisitions of Socrates and Solucia as it seeks to build the next generation of healthcare payor outsourcing services.
The Healthcare Debate: Opportunities and Challenges
Monday, December 1, 2008
"While economic and energy issues have taken the highest priority, there is no doubt that our national healthcare system and healthcare policy will demand more attention, technology and tax dollars. This debate will continue as healthcare expenditures remain around 17 percent of GDP. A cost effective and efficient collection or payment system and revenue cycle process is the foundation for any future healthcare initiative. The cost of collection for healthcare approaches 15 percent of the benefit - an expense that no other retail business can withstand. McKinsey estimates that more than $300 billion is consumed annually in the healthcare collection process."
