The biggest challenges facing revenue cycle departments in 2024

Nearly half of revenue cycle and finance leaders surveyed said timely patient collections is their biggest concern in 2024, according to a Jan. 23 report from Salucro Healthcare Solutions. 

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The health payment technology company’s Healthcare Provider Fintech Insights Report is based on a survey of 176 healthcare professionals. 

Here are the top five challenges facing RCM teams in 2024, according to the report: 

1. Timely patient collections: 48%

2. Managing denials: 36%

3. Hiring and training staff: 32%

4. Data analytics and reporting: 26%

5. Maintaining security and compliance: 13%

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.

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