Healthcare revenue cycle: Striking a balance between cost and yield

Becker's Healthcare December 11, 2023
In collaboration with Huron

As economic conditions further stress healthcare organizations’ margins, leaders are reevaluating their approach to optimize their revenue cycle organizations. Ideally, focus should be on improving yield and cost in tandem — but increasing costs, diminishing reimbursements, and evolving consumer trends make it difficult to strike that balance.

Organizations have traditionally prioritized improving cost-to-collect over yield performance, creating an imbalance. Synchronous revenue cycle improvement requires a more holistic approach.

Where do you stand on the cost and net revenue performance continuum?

As year-over-year benchmarks for cost and yield rise, leaders must first understand where they land on the cost and net revenue performance continuum. Organizations will fall into one of the following four quadrants, indicating key actions to enable a more...

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