One of the key elements in hospital revenue cycle management success is getting a handle on cost to collect. Organizations that have realized their costs are too high have implemented many different approaches, ranging from new software to bringing on hospital billing services.
The Surprising Billing Rule is nothing new, but thanks to a judge’s recent ruling, it might be a good time to take a fresh look at something you’ve likely gotten comfortable with.
The administration side has also seen challenges, with leaders opting to invest in remote labor and rethink much of their hospital revenue cycle management staffing strategy. Some have even considered outsourcing to hospital billing services. To keep up, leaders like you will need to stay on top of how these challenges are impacting healthcare organizations and how hospital revenue cycle management solutions can step in to fill the gaps. To help you get started, here’s an overview of what you need to know about hospital revenue cycle management labor challenges today.
