Rising labor, supply, and medication costs are presenting significant challenges for both hospitals and health systems.
According to a recent report from the American Hospital Association, escalating expenses, workforce shortages, and increasing administrative burdens are straining healthcare organizations across the United States.
Amid these challenges, optimizing the revenue cycle becomes a critical strategy for improving financial performance.
A streamlined and efficient revenue cycle not only reduces costs but also ensures timely and accurate payments, helping healthcare systems stabilize their financial health and continue delivering high-quality patient care.
In this guide, we’ll explore proven strategies and innovative solutions to optimize revenue cycle management (RCM) and enhance financial outcomes in healthcare systems.
Financial Performance in Healthcare
