Forbes July 11, 2024
Chandler Barron is president of Parathon, which provides hospitals and health systems tools to collect all the revenue they have earned.
In healthcare, predicting the outcome of a given contract with a health insurer or other third-party payer is vastly more complicated than predicting how a contract will play out in other industries. It can be difficult for even the most seasoned healthcare executives to accurately evaluate how a contract being negotiated will perform, or even how a current contract is performing, compared to the expected revenue.
Hospitals face many headwinds and expend tremendous resources to provide quality healthcare, but sometimes they do so at a loss because contractual complexity often leads to failure to realize the revenue they are...
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