DOTmed December 3, 2021
The healthcare industry has had significant impacts from COVID-19. During the most recent wave, hospital ICU beds were one again full and many health systems were canceling elective surgeries. Revenue is down for many health systems and staff is stretched thin.
According to a new Kaufman Hall analysis released by the American Hospital Association, hospitals are projected to lose $54 billion in net income this year. With the added challenge of reimbursements declining and denials increasing, a hospital revenue recovery plan is now more important than ever.
Yet as hospitals and health systems have continued to confront unprecedented financial challenges during COVID-19, it has become imperative for their Clinical Documentation Improvement (CDI) programs to evolve to ensure they continue to...