Newswire June 21, 2021
Eight hundred forty hospitals and inpatient organizations and fifteen hundred fifteen physician practices were represented in the sweeping Q1-Q2 2021 series of financial management IT user polls, as daunting challenges are forcing providers to advance their technologies to maintain solvency.
Seventy-four percent of CFOs and senior leaders in the 2021 Black Book survey revealed the absolute need for digital transformations in their finance divisions for the long-term survival of their healthcare organization. Eleven percent of respondents confirmed their organizations have fully initiated comprehensive digital strategies for extensive financial IT renovations.
Hospital revenue losses and the sluggish recovery of patient volumes have been met with increased total expenses upwards of five percent in post-pandemic 2021 creating the need for advanced financial...