2023 Best In KLAS Revenue Cycle Optimization

Performance

IT Advisory Services 2023

09 February 23 | Doug VanWagenen and Trent Davis

In the IT advisory space, many firms perform well, but the breadth of their expertise varies—some firms offer many services, while others focus on a specific area. This report examines the breadth of firms’ validated services as well as client satisfaction and performance consistency. To provide better transparency into IT advisory services, KLAS has broken them into the following four segments: IT planning and assessment, revenue cycle optimization, clinical optimization, and analytics advisory services. Additionally, this report categorizes firms into four groups based on validated engagements:

The financial climate in healthcare has pressed many revenue cycle teams to do more with less, but many struggle with staffing and the deep technical expertise needed for revenue cycle optimization. An organization’s financial health requires a holistic approach that includes expertise in revenue cycle and healthcare software and processes. This is where firms like Chi-Matic (a primarily Epic-focused firm) step in. This report evaluates the experiences of provider organizations that have used Chi-Matic’s revenue cycle services.

Company/solution	Overall performance score (100-point scale)	Total evaluations	Trend (2022-2023)	Culture	Loyalty	Operations	Relationship	Services	Value

Chi-Matic Revenue Cycle Optimization	97.0	n=15	N/A	--	A+	A+	A+	A	A

Guidehouse Revenue Cycle Optimization	96.5	n=6	N/A	--	A+	A	A	A	A+

Softek Revenue Cycle Optimization	93.7	n=8	-2%	--	A+	A-	A	A-	A

Nordic Revenue Cycle Optimization	93.2	n=12	-4%	--	A	A-	A	A-	A-

Impact Advisors Revenue Cycle Optimization	92.0	n=10	-5%	--	A	B+	A	B+	A-

Tegria Revenue Cycle Optimization	90.7	n=19	N/A	--	A-	A-	A	B+	B+
	50.0	100.0

Company/solution	Trend (2022-2023)	Culture	Loyalty	Operations	Product	Relationship	Value

Chi-Matic Revenue Cycle Optimization 97 n=15	N/A	--	A+	A+	A+	A	A
Guidehouse Revenue Cycle Optimization 96.5 n=6 COMMENTS	N/A	--	A+	A	A	A	A+
Softek Revenue Cycle Optimization 93.7 n=8 COMMENTS	-2%	--	A+	A-	A	A-	A
Nordic Revenue Cycle Optimization 93.2 n=12 COMMENTS	-4%	--	A	A-	A	A-	A-
Impact Advisors Revenue Cycle Optimization 92 n=10 COMMENTS	-5%	--	A	B+	A	B+	A-
Tegria Revenue Cycle Optimization 90.7 n=19 COMMENTS	N/A	--	A-	A-	A	B+	B+

Company/solution	Overall performance score (100-point scale)	Total evaluations	Culture	Loyalty	Operations	Relationship	Services	Value

athenahealth Revenue Cycle Optimization * L C	97.5	n=3	--	A+	A	--	A	A+

Company/solution	Overall performance score (100-point scale)	Total evaluations

athenahealth Revenue Cycle Optimization * L C culture -- loyalty A+ operations A relationship -- services A value A+	97.5	n=3

Revenue Cycle Optimization

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