DOTmed October 22, 2024
In today’s rapidly evolving health care landscape, the economics of care delivery are under constant pressure. Consumer-driven expectations, technological advancements, regulatory changes and the shift toward value-based care are all reshaping how health care organizations operate. At the heart of these challenges lies Revenue Cycle Management (RCM) — a critical function that directly impacts the financial stability and growth of any health care organization. Without an effective RCM strategy, organizations risk increased operational costs, reduced cash flow and a decline in overall financial performance.
The past three years have introduced unprecedented changes to health care, leading to mind-boggling impacts that health care organizations — of a range of sizes — are encountering on a day-to-basis.
Consider these staggering statistics:
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