As the healthcare industry navigates complex challenges, effective revenue cycle management is key to helping providers strengthen financial sustainability and advance business operations while delivering high-quality care.
Modern Healthcare’s 2023 Revenue Cycle Firms Survey shows Nordic, a global health and technology consulting company, is no. 8 on the list of the largest U.S. revenue cycle organizations. The survey results are based on the self-reported total of full-time employees who spent at least half of their time on revenue cycle services as of December 31, 2022.
Nordic specializes in helping health systems create a focused, intelligent revenue cycle that drives stronger margins through better efficiency and financial growth. Within the 2023 Best in KLAS report, Nordic and its global companies achieved scores above 90 in five rated categories including Revenue Cycle Optimization.
“Healthcare providers are facing a perfect storm of challenges, from rising costs and labor shortages to changing patient expectations and new market entrants,” says Wally Ward, Nordic’s managing director and practice leader for performance improvement and advisory services. “At Nordic, we're dedicated to supporting our clients in embracing digital transformation and adopting data-driven strategies to help reduce costs, enhance revenue, optimize workflows, and design a seamless consumer journey that attracts and retains patients.”
Nordic is an award-winning global health and technology consulting company that partners with health leaders around the world to create healthier systems, organizations, and people. Together, our global team of more than 3,300 professionals brings decades of experience across our key focus areas of strategic advisory, digital and cloud initiatives, implementation and support, ERP services, and managed services. Nordic and its network of companies, including Healthtech, Hygeian Consulting, and S&P Consultants, support more than 700 clients in their efforts to harness the power of technology on a global scale. Learn more at NordicGlobal.com.
About Modern Healthcare
Modern Healthcare is the industry's leading source of healthcare business and policy news, research, and information. The media outlet reports on important healthcare events and trends, as they happen, through its print magazine, websites, e-newsletters, mobile products, and events. Modern Healthcare magazine is ranked No. 1 in readership among healthcare executives and deemed a "must-read" by the who's who in healthcare. Learn more at ModernHealthcare.com