2023 Best In KLAS Revenue Cycle Optimization

In 2022, KLAS interviewed 27 HIT services firms with broad market experience, asking them about their best practices for driving successful client engagements. Drawing from those insights and correlating them with the KLAS performance data of high-performing firms, this study—part of KLAS’ Vendor Excellence series—looks at four critical areas firms should evaluate to ensure successful engagements: measurement of outcomes, sales and contracting, internal hiring and training, and engagement execution.

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.

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

Chi-Matic	97.0	N/A	n=15	A+	A+	A+	A	A

Guidehouse	96.5	N/A	n=6	A+	A	A	A	A+

Softek	93.7	-2%	n=8	A+	A-	A	A-	A

Nordic	93.2	-4%	n=12	A	A-	A	A-	A-

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

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

	Overall Performance Score (100-point scale)	Total evaluations	Loyalty	Operations	Services	Value

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

Revenue Cycle Optimization

Past Revenue Cycle Optimization Awards

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