With continual pressure to cut costs and improve revenue, hospital finance leaders are innovating like never before. This report examines four ways high-performing revenue cycle teams are taking smart, actionable steps to address their top pain points.
Hospital leaders are also learning that successful long-term financial planning must include the entire organization. For example, when Indiana University Health (IU Health) discovered its payer mix was shifting and operating margin was declining, it revamped financial planning processes to include greater collaboration between doctors, nurses, operations teams, and regional executive teams. As a result, clinicians were more engaged in identifying opportunities to improve savings and standardize system operations.
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