HealthLeaders Media August 15, 2023
There are three areas revenue cycle leaders must have shored up to ensure financial and operational effectiveness.
KEY TAKEAWAYS
– The patient financial experience, leadership development, and multi-department collaboration: Financially successful hospitals and health systems have fully optimized these three areas of the revenue cycle, so other revenue cycle leaders need to make sure they are keeping pace.
Revenue cycle leaders will continue to fight against poor operating margins, reduced reimbursement, and inflated expenses well into 2024. And at a time when a poor financial experience can negate a five-star clinical experience for patients, revenue cycle leaders are under more pressure than ever to streamline processes.
Financially successful hospitals and health systems have fully optimized three key areas of the...