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RCM Insights: Hospitals in 2024: Healthcare Leaders Identify Trends to Watch

by | Dec 22, 2023 | Revenue Cycle Management

The healthcare landscape has undergone significant transformations in the past year, with 2024 expected to bring even more rapid changes for hospitals and health systems.

Industry leaders have shared their insights on the upcoming year’s trends, opportunities, and challenges. Their predictions cover a wide range of topics, including value-based care, technological advancements, artificial intelligence, population health strategies, virtual nursing, and patient experience improvements.

These experts also offer recommendations for success and highlight potential pitfalls to avoid. Their diverse perspectives provide a comprehensive outlook on the future of healthcare.

While you may find yourself agreeing with some projections and questioning others, these insights are sure to spark thoughtful discussions and considerations for healthcare professionals.

Amy Amick, CEO, Aspirion

“Health systems will continue to struggle with the acute shortage of talent within the revenue cycle. This labor shortage, compounded by the sophistication required to successfully navigate the revenue cycle to generate optimal results, creates material pressure for healthcare leaders in 2024, especially realizing the continued increase in complexity of working with payors to ensure accurate payment. Leaders must creatively tackle these challenges. Access to exceptional talent and application of optimized RCM processes are essential, but leveraging innovative technology is 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.”

Read full Chief Healthcare Executive article.

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