The $2.4 billion hospital revenue cycle management (RCM) software and services industry expects double digit increases in 2014, despite many U.S. hospitals admitting they don’t have a sustainable RCM plan in place, according to two reports released by market research firm Black Book.

The $2.4 billion hospital revenue cycle management (RCM) software and services industry expects double digit increases in 2014, despite many U.S. hospitals admitting they don’t have a sustainable RCM plan in place, according to two reports released by market research firm Black Book.

The industry growth is expected because of business shifts, reimbursement and payment reforms, accountable care participation, ICD-10 coding challenges, physician practice acquisitions, collection issues, and overall declining margins, the reports say.

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Source: RCM Industry Expects Growth, but Struggles for Priority in Hospitals