Guidehouse’s “2024 Revenue Cycle Management Report” analyzed a survey conducted by the Healthcare Financial Management Association in May 2024. The survey included 134 CFOs and other C-suite and financial health system executives.
The leaders were asked to select the top three areas of stress for their revenue cycle department, according to the report.
Here are the top five areas of stress for revenue cycle departments:
1. Payer challenges – 86%
2. Prior authorization – 52%
3. Workforce shortages – 31%
4. Rising cost to collect – 25%
5. Cybersecurity threats – 24%
Read the full report here.
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.