Healthcare IT Today September 23, 2024
The following is a guest article by Tom Furr, CEO at PatientPay
Forty percent of U.S. hospitals are losing money, a Kaufman Hall analysis shows, even at a time when overall hospital margins are growing. Among them, community and rural hospitals are taking the worst hit. This begs the question: What more should community hospitals be doing to protect their financial health?
It’s an important topic given that a hospital’s financial health ultimately sustains its ability to deliver services to the communities it serves. As community hospital leaders explore opportunities to protect cash flow, innovations in patient payment collection—including digital tools—deserve attention in particular based on the continued challenges with the USPS either not delivering or taking a long time...
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