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RCM Insights: Healthcare Workforce – 2024 Health IT Predictions

by | Jan 10, 2024 | Revenue Cycle Management

As we enter 2024, we’re launching a series of Health IT predictions for the year ahead. We reached out to the Healthcare IT Today community for their insights, receiving a diverse array of responses that we’ve organized into several themes. Due to the overwhelming number of submissions, we’ve curated the list to include only the most compelling and innovative predictions.

Below, you’ll find our community’s forecasts for the coming year in healthcare technology. We encourage you to engage with these predictions by sharing your own thoughts or areas of disagreement in the comments section and across social media platforms.

Amy Amick, CEO at Aspirion:The acute labor shortage compounded by the sophistication needed to navigate revenue integrity successfully, will continue to create material pressure for healthcare leaders in 2024. Amid continued complexity working with payors to ensure fast and accurate payment, hospital finance leaders must tackle these challenges with a new set of eyes. Access to exceptional talent and application of optimized RCM processes are essential, but leveraging innovative technology, including generative AI and large language models, have become non-negotiable.

Technology is now fundamental to effectively navigating the pursuit of receivables; when done right, technology maximizes yield, accelerates collections and support staff by reducing administrative burden, addressing burnout and promoting well-being. With hospital operating margins on average at 1-2%, the critical nature of optimizing performance in revenue cycle is simply essential.

Read full Healthcare IT Today article.

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