Bright Drive HCS: Transforming The Outsource Billing Landscape

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Bright Drive HCS: Transforming The Outsource Billing Landscape

The global Medical Billing outsourcing market exhibited strong growth during 2015-2020, looking forward, the market to grow at a CAGR of around 11 percent during 2021-2026. Medical billing outsourcing, or revenue cycle management (RCM), refers to the process of outsourcing billing and finance related processes by a hospital or healthcare institution. It entails using a third-party software tool to process bills, file and follow-up on medical insurance claims, and receive proper compensation for services done. This helps to streamline complex collection operations, increase revenue production, improve operational efficiencies, and reduce administrative workload. One of the primary aspects driving the market growth is the complexity of managing reimbursements & claims, and the resulting...