Using Information Optimization to Improve Revenue Cycle Management in Healthcare
Data rich and information poor? It is no secret that healthcare costs have been increasing at an alarming rate over the last number of years. By most measures, healthcare spending is rising faster today than at any other point in history. In the provider market, rising costs and shrinking profit margins have created an unsustainable financial position for many healthcare organizations. As a result, it is estimated that the average healthcare provider is losing $70.2 million or 15% of additional revenue per hospital annually.
As healthcare organizations are attempting to reign in rising costs, they are turning to cross-functional, operational data to help them improve their revenue cycle management. Recognizing that their organizations could enhance their revenue cycle management if they could simply harness available clinical, financial, and other operational data, hospital CIOs and CFOs are now turning to Information Optimization solutions to help improve their bottom line. Download the white paper here.
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