Hospital management giant Universal Health Services is swapping out its intended legacy revenue cycle management network for Millennium Revenue Cycle from Cerner.
The move could signal the initiation of a latest wave of RCM work in healthcare, a market emphasis that analysts figure is a multi-billion dollar opportunity.
"Revenue cycle is a front-burner problem once again," Piper Jaffrey analysts Sean Wieland and Nina Deka wrote in a day of March 31 brief.
Furthermore, a recent research by medical claims clearinghouse Navicure summarized that 66% of hospitals plan to concentrate on revenue cycle operations now that the transition to ICD-10 is implemented and meaningful use is waning.
Among the vendors who stand to gain the most are the major ones – Epic, Meditech, McKesson and Cerner.
At UHS, the Cerner RCM system will integrate with UHS' existing Cerner Millennium EHR.
The objective is to assist the advance integration between clinical and financial data for the acute care and ambulatory facilities UHS supports, the company stated.
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