Revenue Trends for Healthcare 2022 & Beyond
The revenue cycle market momentum in 2022 and beyond is trailing after long period of adversity due to COVID-19 and an already challenging economic environment for hospitals and healthcare systems, there is a new wave of consolidation, invention, innovation, technology, investments, efficiency, patient experience, underpayment recovery, and coding automation are some of the themes that will drive the revenue cycle market momentum
Kaufman Hall predicts that hospital operating margins will fall 80% below pre-pandemic levels by the end of 2021. With hospitals operating on extremely tight margins, projecting cash flow and the ability to extract the maximum out of the revenue cycle is more critical than ever before. This will drive key technology, and process innovation as revenue cycle leaders and managers strive to improve business outcomes.