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Automation of manual process is what achieves accuracy in the delivery of patient accounting

The hospital IT financial and billing solutions market is highly competitive, rapidly evolving, and subject to rapid technological change. The breadth and quality of solution and service offerings, the stability of the solution provider, the features and capabilities of the information systems and devices, the ongoing support for the systems and devices and the potential for enhancements and future compatible software solutions and devices. The ReportLinker has publihed a comprehensive report on Market Opportunities, Strategies, and Forecasts for HIS Patient Accounting Systems through 2007 to 2013.

Competitors in the HIT healthcare solutions and services market include: Cerner , Eclipsys Corporation, Epic Systems Corporation, GE Healthcare Technologies, iSoft Corporation, McKesson Corporation, Medical Information Technology, Misys Healthcare Systems, and Siemens Medical Solutions Health Services Corporation, each of which offers a suite of software solutions. Other competitors focus on only a portion of the market that the major participants address. The Patient billing market forecasts are at 1.1 million units in 2006, anticipated to reach 1.54 million units by 2013.

Automation of manual process is what achieves accuracy in the delivery of patient accounting. Short collection times depend on accuracy of record keeping and automation of process. Physician confidence in the IT system depends on timely payment. The significant difference in reliability between three nines of availability offered by the distributed servers and the five nines of availability on Z OS on the mainframe hardware has measurable impact on the cost of manual process vs. the cost of automated process. It has further impact on the perception of a hospital group as a leading health care institution by the physicians who practice there.

Hospital information systems credit collections software is shifting as systems become more integrated. Integrated systems interconnect with automated coding that creates more automated process. Credit collections software is modernized with sophisticated techniques for implementing personal data collection. The related digital evidence and investigation issues are being included as part of automated process.

The use of mainframes for real time hospital billing systems implementations provides security and protections that is needed in modern billing and collections systems. They have a significant impact on people's trust in online transactions. Despite the number of reported incidents, cases of online ID theft are currently examined in an ad hoc empirical fashion.

The mainframe security supports a structured approach to protect Internet based, patient and physician facing systems. The issue of online theft and the need for co-coordinated actions for compliance with HIPAA requirements are driving implementation of mainframe systems for hospitals.

Source: ReportLinker

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