Determining the right fiscal initiatives are at the forefront of every healthcare finance leader’s mind due to COVID-19 and its impact on margins – from furloughs, to reducing capital expenditure and focusing on debt collection. But margins were thin even before COVID-19 due to leakage in the mid-revenue cycle, with a 250-bed hospital losing up to $11M annually (2016 Advisory Board Study). Now with payer denials up 25% due to the CARES Act (XIFIN claim data), hospital finance leaders need to think beyond short-gain fiscal initiatives to recover lost revenue.
View this on demand webcast in partnership with RevCycleIntelligence featuring health system leaders from Iodine Software and Integris Health for a discussion on:
- Why mid-revenue cycle management is a key concern today
- Strategies for reducing payer denials with clinical documentation
- New technologies that focus on the mid-revenue cycle to fully capture earned reimbursement and drive quality