HealthLeaders Media September 22, 2022
Automating certain revenue cycle operations could lower health systems’ cost-to-collect.
KEY TAKEAWAYS
– Healthcare leaders who use automation within the revenue cycle reported having an average cost-to-collect of 3.51% compared to 3.74% for those who don’t leverage automation.
– Automating revenue cycle operations could equate to $11.5 million in savings.
– Cost-to-collect has remained stagnant and this collides with significant financial pressures facing most healthcare organizations.
– Overall financial pressures are pushing more revenue cycle leaders to cut costs, many of which are looking toward automation as a solution.
Healthcare leaders who use automation within the revenue cycle reported having an average cost-to-collect of 3.51% compared to 3.74% for those who don’t leverage automation. This is according to a recent...
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