Key players in the Asia revenue cycle management system market include Quest Diagnostics (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), Athenahealth, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), eClinicalWorks LLC (U.S.), CareCloud Corporation (U.S.), The SSI Groups, Inc. (U.S.), GE Healthcare (U.K.), Epic Systems (U.S.), Siemens Healthcare (Germany), and Kareo, Inc. (U.S.). These companies are intended to focus on strategic collaborations including agreements, mergers & acquisitions, and joint ventures to increase their market share.
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For instance, in July 2014, Allscripts Healthcare Solutions, Inc. (U.S.) acquired Oasis Medical Solutions Limited (U.K.), which is a London-based patient administration system (PAS) and health informatics solution provider. The Oasis PAS system was developed by engaging into 18 years partnership with numerous NHS trusts, which offers direct, effective, and extensible administrative workflow across all venues of care. By integrating the Oasis PAS technology and Allscripts Sunrise clinical platform, Allscripts is able to deliver highly competitive, single-source offering for an innovative and advanced electronic patient record solution in the U.K. Additionally, in June 2014, Chart Logic, Inc. (U.S.) entered into a partnership with Kareo (U.S.), which will allow the company to offer clients best-of-breed revenue cycle management solution.
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To sustain growth, leading players of the Asia revenue cycle management system (RCM) market, focus holistically on new product launches. For instance, in March 2014, Greenway Medical Technologies (U.S.) launched an advanced revenue cycle management (RCM) service, PrimeARM(R) to aid physicians attain their financial objectives by streamlining the collection, utilization, and delivery of critical patient and claims information. By amassing and providing quality information starting from the first patient encounter to the final payment, Greenway's PrimeARM RCM service would enhance the profitability and productivity of the practice, while significantly minimizing administrative and overhead costs. Furthermore, in January 2014, RelayHealth Financial (U.S.) unveiled a new version of RelayAnalyticsPulse, the company’s flagship comparative analytics solution. This product assisted hospitals and health systems to benchmark performance across peer groups to compare revenue and cash flow, view financial trends, measure productivity, automate amassment and calculation of KPIs to quantify improvement opportunities, perform root cause analysis, focus on areas for improvement, and rationalize investments with data-driven decisions.
