Financial and Revenue Cycle Concerns: The Top Challenges for Healthcare Providers in 2023
Hospitals and health systems continue to grapple with significant financial challenges, ranging from economic uncertainties and labor shortages to contentious payer relationships. These concerns have prompted healthcare leaders to prioritize optimizing revenue cycle management and exploring technology solutions. Let’s delve into 2023’s top financial and revenue cycle concerns for healthcare providers:
Financial challenges persist, leading to technology adoption and partnerships. Streamlining pre-visit processes is crucial and achieving an efficient revenue cycle is essential for future success.