HealthLeaders Media August 18, 2023
Back-end revenue cycle management is a top priority as organizations seek operational and cost efficiency.
KEY TAKEAWAYS
– More than one-third of surveyed health system executives said they plan to automate two or more revenue cycle management or finance functions in 2024.
– While operating margins are thin for many healthcare organizations at the moment, improving revenue cycle functions, particularly on the back end, can lead to financial flexibility.
– Executives are also open to bringing in vendors who can fill specific functions to supplement their EHR systems.
Even in a tight economic environment that is forcing healthcare organizations to scale back costs, many hospital and health system leaders are still eyeing investments in automation to improve workflows and save...
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