April 2023
The current economic climate has imposed considerable pressure on businesses of diverse backgrounds on a global scale. Of note, the healthcare sector is experiencing multiple strains stemming from such factors as inflation and the aftermath of the COVID-19 pandemic, which technically still persists, albeit with a gradual decrease in new cases, hospitalizations and fatalities. As such, healthcare institutions such as hospitals, clinics and other related organizations might be contemplating their future trajectory. Given that the world has undergone significant transformations in the past three years, a thorough evaluation of an organization’s revenue cycle may be necessary. In this regard, the ensuing checklist offers a starting point for healthcare organizations to streamline and optimize their revenue management procedures.
