HIT Consultant July 18, 2024
Hospitals and health systems continue to face persistent challenges from rising costs and labor shortages across clinical, administrative and revenue cycle teams. Recent news from Humana highlights that rising costs, “may persist for an extended period or, in some cases, permanently reset the baseline.” In addition, half of hospitals and health systems surveyed reported $100 million in Accounts Receivable (AR) for claims older than 6 months, amounting to $6.4 billion in delayed or unpaid claims, according to an AHA report.
From beginning to end, inefficiencies in the revenue cycle not only slow down workflows and cash collection, but they also have a big impact on patient experiences. In today’s healthcare landscape, finding efficient solutions becomes imperative for healthcare organizations seeking...
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