Here were five of the most popular ways hospitals attempted to boost their finances in the past three years, according to the survey.
• Invested in chargemaster management/automation tools.
• Added staff to address revenue cycle challenges/improve revenue integrity.
• Invested in tools for improved charge capture.
• Invested in denials management tools.
• Established a revenue integrity department.
More Articles on Hospital Finance:
Steward Health Care in Boston Expands Use of Craneware
5 Things Hospitals Should Know About Their Chargemaster and ICD-10
How the Revenue Cycle is Evolving in Hospitals
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