Source: Centerev.com Over the past decade, the financial landscape of hospitals transform dramatically. What was once a predictable, albeit complex, environment has now become a constant balancing act. Economic pressures, shifting reimbursement models, rising labor costs, and increased regulatory burdens make managing a hospital’s financial health more challenging than ever. From the perspective in the…
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By: Centerev Unlocking Lost Revenue: Why Hospitals Need to Improve EHR Workflows Hospitals face mounting challenges in today’s healthcare landscape, from rising operational costs to increasing patient demands. Among these challenges lies an often-overlooked yet critical area for improvement: electronic health record (EHR) workflows. A well-optimized EHR system can significantly impact a hospital’s bottom line,…
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As 2024 unfolds, the financial landscape for hospitals continues to evolve, revealing a mix of challenges and opportunities. Healthcare organizations are navigating these changes with strategic focus, particularly by investing in technology to drive efficiency and financial stability. Here’s a detailed look at the key financial trends confirmed for the year. 1. Margins and Revenue:…
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As we look toward 2025, healthcare finance leaders are grappling with a dynamic landscape characterized by growing pressures and opportunities. As an experienced professional in healthcare information technology (HIT), I believe that while challenges are plentiful, so too are avenues for strategic innovation. Here’s what the financial horizon for hospitals may look like in 2025…
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Source: MedCityNews.com Deloitte released a report predicting the key trends that will shape the healthcare landscape in 2024. Some of them include hospital M&A, health systems outsourcing departments and the increasing adoption of generative AI tools. Deloitte released a report last week predicting the key trends that will shape the healthcare landscape in 2024. For its report,…
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Source: BusinessWire.com The global healthcare business intelligence market size is expected to reach USD 21.4 billion by 2030 and is expected to expand at a CAGR of 13.5% Increased adoption of data-driven decision making, penetration of cloud-based business intelligence (BI) solutions for the healthcare industry, increased focus to reduce spending, and the emergence of mobile-based…
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Source: DigitalJournal.com Healthcare Revenue Cycle Management Market is valued at USD 50,283 Million in 2018 and is expected to reach USD 104,396 Million by 2025 with a CAGR of 11% over the forecast period. Increasing Technological Advancement Coupled with Rising Healthcare Spending is the Key Factors Driving the Growth of Healthcare Revenue Cycle Management Market. Market Analysis of Healthcare Revenue Cycle Management:-…
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Source: ICD10Monitor.com April is the beginning of a new quarter, and a checklist is offered for tasks at your facility. Review the April 2022 update of the Hospital Outpatient Prospective Payment System (OPPS) – Transmittal R11305CP. This document reviews COVID vaccine and treatment CPT® codes, new Proprietary Lab Analyses codes, Device offsets, new Healthcare Common…
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