HIT Consultant November 9, 2022
Artificial intelligence (AI) and automation are no longer nice-to-have technologies for healthcare providers. They are mission-critical tools for addressing significant challenges many health systems and hospitals face today — from volatile patient volumes to ballooning labor costs and staffing shortages to low operating margins. Many of these challenges are macro-level economic trends that will continue to prevail for the foreseeable future.
According to research from Kaufman Hall, 2022 has been the worst financial year for hospitals since the pandemic, with national operating margins at -0.98% through July, marking the seventh negative month in a row.
It’s, therefore, no surprise many healthcare financial leaders are looking to technology to help reduce costs and boost revenue. Many health systems and...
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