48% of organizations are experiencing a “severe” labor shortage in revenue cycle operations. With the right partnerships, a healthcare provider or practice can benefit from two main immediate outcomes.
Have you been hit by shrinking profits and operating margins? Healthcare providers and hospitals are witnessing up to a 48% increase in bad debt and nearly 100% decrease in revenue margins. What is the solution? Here are 5 ways to level up your revenue cycle.
Compounding complexities in healthcare billing and Account Receivable (AR) collections is making it increasingly difficult for healthcare systems to generate revenue. It is no wonder that administrative costs make up one-third of U.S. Healthcare spending.