Novum

Name: Novum
Brand: Novum

Novum delivers mission-critical financial software solutions to Hospitals & the Healthcare Industry.

1 Ref Customers

LinkedIn 63|Website|FTEs 5

MarketsDunning & Collections Management

01Competitive Landscape

Narrative analysis

- Direct competitors and differentiators - Epic and Oracle Health differentiate primarily through integration with their EHR ecosystems. - R1 differentiates through a blended services and technology operating model and experience with outcomes-based commercial structures. - Waystar differentiates through transaction processing, payments network, and claims/payment workflow tooling. - Feature comparison: where Novum may excel vs lag behind - Potential strengths - Range of RCM modules offered in a single portfolio - Positioning within Harris/Harris Healthcare product sets, which may align with organizations seeking continuity with that vendor family - Potential gaps - Publicly accessible evidence of modern security and compliance certifications - Density of independent peer reviews that would assist procurement validation - Pricing comparison - Novum: opaque and quote-based in public materials. - Competitors: often quote-based as well; some competitors have more third-party pricing discussion or larger public review footprints. - Market share and adoption trends - No definitive public market-share data for Novum RCM was found in accessible sources.

	Novum (Harris Novum / Affinity RCM)	R1 RCM	Waystar
Starting Price	Not publicly disclosed (quote-based)	Not publicly disclosed (enterprise / services-linked pricing common)	Quote-based; some third-party sources reference starting ranges but no standard public plans
Best For	Hospitals seeking an integrated set of RCM modules and support within the Harris/Constellation ecosystem	Providers seeking combined services and technology with potential outcomes-based contracts	Organizations prioritizing payments, clearinghouse services, and claims/payment workflow automation
Key Strength	Offers multiple RCM modules (patient accounting, self-service, contract management, scheduling, registration, HIM, analytics) within a single vendor portfolio	Scale and experience in blended services + technology operating models	Focus on transaction and workflow efficiency across eligibility/claims/payments; broad payment network
Key Weakness	Limited public transparency on security certifications, pricing, and independent reviews; some marketing materials include placeholders that complicate diligence	Can be expensive or complex; outsourcing model may reduce direct operational control without governance	Pricing can scale with transaction volume; potential platform sprawl if buying many modules

01Competitive Landscape

Narrative analysis

Direct competitors and differentiators
- Epic and Oracle Health differentiate primarily through integration with their EHR ecosystems.
- R1 differentiates through a blended services and technology operating model and experience with outcomes-based commercial structures.
- Waystar differentiates through transaction processing, payments network, and claims/payment workflow tooling.
Feature comparison: where Novum may excel vs lag behind
- Potential strengths
  - Range of RCM modules offered in a single portfolio
  - Positioning within Harris/Harris Healthcare product sets, which may align with organizations seeking continuity with that vendor family
- Potential gaps
  - Publicly accessible evidence of modern security and compliance certifications
  - Density of independent peer reviews that would assist procurement validation
Pricing comparison
- Novum: opaque and quote-based in public materials.
- Competitors: often quote-based as well; some competitors have more third-party pricing discussion or larger public review footprints.
Market share and adoption trends
- No definitive public market-share data for Novum RCM was found in accessible sources.

	Novum (Harris Novum / Affinity RCM)	R1 RCM	Waystar
Starting Price	Not publicly disclosed (quote-based)	Not publicly disclosed (enterprise / services-linked pricing common)	Quote-based; some third-party sources reference starting ranges but no standard public plans
Best For	Hospitals seeking an integrated set of RCM modules and support within the Harris/Constellation ecosystem	Providers seeking combined services and technology with potential outcomes-based contracts	Organizations prioritizing payments, clearinghouse services, and claims/payment workflow automation
Key Strength	Offers multiple RCM modules (patient accounting, self-service, contract management, scheduling, registration, HIM, analytics) within a single vendor portfolio	Scale and experience in blended services + technology operating models	Focus on transaction and workflow efficiency across eligibility/claims/payments; broad payment network
Key Weakness	Limited public transparency on security certifications, pricing, and independent reviews; some marketing materials include placeholders that complicate diligence	Can be expensive or complex; outsourcing model may reduce direct operational control without governance	Pricing can scale with transaction volume; potential platform sprawl if buying many modules