MedCity News November 14, 2024
As our industry continues its path toward value-based care, evolving payer models, and increasingly stringent regulations, revenue cycle processes will become even more complex. Providers can prepare by following these steps.
It’s difficult to believe that it’s been four years since the pandemic hit, and organizations are still struggling with historically low margins and high costs, especially related to labor. On top of it all, providers have been hit with increasingly complex payer contracts and federal regulations, making it difficult to fully recover.
A 2023 report published by the American Medical Association reveals a grim picture of the financial pressures providers have faced since the pandemic. For example, labor expenses rose to $839 billion, accounting for 60% of hospital...
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