Threats loom over hospital revenue cycle
Becker's Healthcare September 16, 2024
As healthcare systems face an onslaught of regulatory updates, increased cyber threats, and shifting payment models, leaders must stay vigilant to ensure compliance and financial stability.
In this evolving landscape, the integration of automation and AI is becoming a critical factor in determining the efficiency and competitiveness of RCM teams. Here are the key regulatory, technological, and operational hurdles impacting the healthcare revenue cycle and the strategies systems are deploying to mitigate these risks.
1. Regulatory changes. Healthcare is one of the most regulated industries, and revenue cycle teams face a litany of new policies every year. Hospitals need organized leaders to stay compliant with federal, state, and insurance company policy updates.
“The healthcare sector is subject to an increased...