Costs will be both direct and indirect.
Direct costs include:
• Software and hardware upgrades, vendor modifications and equipment
• Coder training and clinical education
• Testing
• Temporary staffing to assist with decreased productivity and billing backlogs
• Consulting services
• Data conversion
• Redesign and printing costs for forms and reports
Indirect costs that may reduce revenue include:
• Drop in productivity
• Increased accounts receivable cycles
More Articles on Revenue:
Kansas Moves Medicaid to Managed Care
Cleveland Clinic, VHA Form Joint Venture
CBO: Medicare, Medicaid Spending Growth Slowing by 15%
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
