Kareo Earns Frost & Sullivan’s Enabling Technology Leadership Award for Its Cloud-based Healthcare IT Solutions that Address the Extensive Needs of the US Ambulatory Market
In a marketplace, where the current rip and replacement rate for various health IT solutions, especially EHR, is estimated to be as high as 50%,
Kareo Billing,
"Many US-based physician practices cater to patient populations that represent a diverse payer mix. These patients - coupled with others who are enrolled with either co-pay or high-deductible health plans - pose critical challenges to practices that often fail to manage and collect patient dues on time.
"Since practice leaders can access comprehensive reports that Kareo Billing's built-in analytics engine generates within a fast turnaround time, it allows those key opinion leaders to prioritize patient reach-out strategy (for collection) and ensure reduction of average A/R timeline for the enterprise," noted Chatterjee.
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"More importantly, pricing for both clinical and financial products can be bundled on request so that practices establish cost competitiveness when compared against other ambulatory providers that dedicate separate IT investment for EHR, RCM and PM software systems," said Chatterjee.
"Overall, these cloud-based IT features grant impressive convenience to physicians, establish cost transparency for management leaders, and improve the practice's efficiency at an enterprise level," noted Chatterjee.
Each year,
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
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