HealthTech Magazines February 7, 2024
By Kimberly Corriveau, Director of Patient Financial Services, North Texas Medical Center
After the 2022 financial healthcare struggle, many healthcare systems have faced the challenge of creating a profitable revenue cycle. According to Becker’s Healthcare, expenses increased while revenue growth fell to 5.1 percent last year from 11.3 percent in 2021. With this new challenge, healthcare systems are identifying ways to not only provide the best quality of healthcare to each of their patients but also how to optimize the current revenue cash flow.
The COVID-19 economic crisis played a key role in accelerating many of the current RCM healthcare trends we are experiencing today. Some of those trends include the automation process and the use of...
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