30% of hospitals require 2 or more RCM vendors for automation, study finds

Thirty percent of hospitals and health systems are unable to successfully handle their revenue cycle automation efforts without at least two vendors, according to survey results released Jan. 26 by healthcare RCM vendor Alpha Health.

The company surveyed 587 chief financial officers and revenue cycle leaders at hospital and health systems across the U.S. from May 19 to June 22.

The survey also found that another 30 percent of hospitals and health systems have established internal automation teams, with more than 76 percent of those organizations having $1 billion or more in annual net patient revenues.

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