Revenue cycle operations have become increasingly expensive and challenging to manage. According to the American Medical Association, 25 – 30% of the country’s total health care expenditures are direct transaction costs and inefficiencies associated with the...
Community hospitals are facing unprecedented financial challenges—challenges that began long before the pandemic. Because these organizations typically have a higher volume of self-pay patients, those challenges are likely to become even more difficult as the pandemic...
The Delta variant of COVID-19 that is currently spiking across the country reminds us that this pandemic is far from over. There is no way to know how long this variant will stick around or if there is another waiting in the wings. The bottom line is that the...
We hear all the time about the rise of healthcare consumerism as though it’s a growing trend headed our way. Actually, it’s already here, and many hospitals are struggling to catch up. This is especially true for those still using revenue cycle processes designed...
Making a complete financial recovery from the pandemic is likely to be more challenging for community hospitals than for larger health systems that typically have more resources and financing options. That means community hospitals need to be able to collect on every...
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