If you’re like most healthcare executives, you've probably spent countless hours thinking about a host of challenges including razor thin margins, the labor market, and how to improve the patient experience. You’ve probably read articles about RCM outsourcing, watched webinars and analyzed data about the impact it can have. Maybe you’ve even ...
RCM outsourcing and technology go hand-in-hand. The robust technology offered by outsourcing partnerships can offer streamlined workflows, intelligent automation, and unparalleled accuracy, all of which can lead to reduced costs and increased revenue collections. These benefits are a big reason why
As the country is emerging from the worst of the pandemic, restaurants, local shops and national chains are constrained by staffing shortages. It’s an inconvenience to say the least, but this is just the tip of the iceberg as other sectors of the labor market are tightening in more crucial ways.
A healthcare labor shortage – one that ...
The unprecedented challenges health systems face today are well publicized – from rising costs to scarce labor to shrinking margins – each of which is compounded by the ever-increasing portion of revenue that falls under patient responsibility. Patients can’t keep up. Even insured patients now represent
The financial environment for health systems and their patients keeps getting tougher.Cascading effects of the pandemic have led toa looming recession, severe labor shortages, rising ...
As costs rise on goods and services from groceries to gas to car prices, Americans are facing unprecedented financial challenges. The extra pressure of rising healthcare costs isn't making life ...
Healthcare financial and operational leaders are grappling with major challenges like labor shortages, patient satisfaction and a proliferation of technology vendors to manage. Many leaders see the patient financial experience as ripe for transformation and believe that digital tools and new approaches to revenue cycle operations can help.
"This is not an either/or. This is an and,” explains Jennifer Stemmler, Chief Digital Officer for Adventist Health. “How do we solve a great consumer experience and improve our yield and cost to collect?”
Several converging trends are continuing to hammer healthcare organizations. Namely: Thin margins are getting thinner, and a tight labor market is getting tighter, while consumer expectations keep growing.
Today’s consumers are inundated with financial pressures as inflation hits record highs, COVID persists as a source of medical debt, and insurers peel back on COVID-related coverage. Last year, Americans racked up
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