HealthLeaders Media December 8, 2023
The health care industry needs revenue cycle reinvention.
Providers struggle balancing the need for change while navigating complex reimbursement rates and payment models. Staffing and resource allocation have become increasingly difficult, with labor shortages affecting 83%1 [AA1] of health care leaders across the revenue cycle. As cash flow sinks and costs rise, providers must reassess their approach to revenue cycle management. Read Optum’s e-book: 5 Provider Strategies to Help Improve Your Margins
To address these challenges, providers can leverage automation, technology-enabled solutions and improved collections to ensure they are achieving their revenue potential. Research suggests that implementing automation and analytics could reduce $200 billion to $360 billion2 [AA2] of spending in the U.S. health care system.
In this article, we...
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