The importance of hosting in revenue cycle management
The healthcare industry was the target of 88% of all ransomware attacks on U.S. industries in 2016.
The average healthcare organization spent $1.4 million to recover from a cyberattack.
With the uptick in data breaches, and their devastating aftermath, security concerns are top of mind for every organization. To combat this risk, organizations are considering options for securely hosting their solutions.
Why do healthcare organizations host their back-office revenue cycle applications?
Secure hosting for revenue cycle applications drives high uptimes and higher revenue through standardized build & maintenance best practices, high availability configurations, and advanced integration capabilities.
It enables healthcare organizations to focus on core revenue cycle activities by reducing downtime and achieving the scalability needed to meet changing business requirements. Secure hosting is very cost-effective and typically bundled into the RCM rate of collections.
Remote hosting for revenue cycle management enables your organization to focus on core revenue cycle activities. This empowers you to:
- Rely on 24/365 support from a dedicated account team
- Easily and efficiently scale your business
- Improve cost-effectiveness and better serve patients
- Leverage best practices security and maintenance models
- Access developers for quick implementation and efficient interface configurations
Where is the industry going?
Some 83% of enterprise workloads are expected to be in the cloud by 2020. The healthcare industry is following this trend.
As healthcare organizations look for ways to better focus on their patients and improve their bottom line, secure hosting for the revenue cycle remains a strong option to consider.
To better understand the Allscripts commitment to securely hosting industry-leading solutions that meet patients’ needs, see our whitepaper, “The importance of hosting in revenue cycle management.”