HIT Consultant January 20, 2025
The revenue cycle management (RCM) landscape for healthcare is poised for significant transformation over the next few years. As the industry continues to evolve, RCM providers and their customers face a complex web of challenges and opportunities. Among the key trends shaping RCM in 2025 are:
- Rising Costs Driven by Cybersecurity and Regulatory Compliance Demands and Increasing Patient Bad Debt Rates
The cost of doing business is increasing. RCM providers invest in robust cybersecurity measures and navigate complex regulatory landscapes. FDA oversight, federal and state-specific regulations, and even plan-level nuances in payor policies demand significant attention and resources. Margins are being further shaved as patient bad debt rates rise across the healthcare sector.
- Workforce Challenges
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