Effective Claim Processing, Billing, and Compliance are Critical Success Factors
The diagnostics industry, including medical device companies and independent diagnostic testing facilities (IDTFs), faces many challenges related to physician and patient acceptance, payor coverage, and often daunting regulatory and compliance requirements. These challenges can impact both an organization’s revenue potential and its associated valuation.
Valuation isn’t just important when a company is looking to be acquired. It is an essential measure of the effectiveness of a business’s strategic decision-making, and it provides the ability to track performance in terms of estimated change in value and profitability, not just in revenue. It is more important than ever to find the best ways to increase revenue, operating margin, and valuation.