Hospital, Health System Financial Leaders Want Automation Tools for Revenue Cycle Management
A majority of chief financial officers and revenue cycle leaders at hospitals and health systems across the U.S. think automation tools should be designed specifically for healthcare revenue cycle management, according to a survey commissioned by Alpha Health.
About 92% of respondents said it was either important or extremely important for automation tools to be built to assist revenue cycle management.
Regardless of whether the respondent represented a hospital or health system or how much revenue is generated, the majority of respondents feel it is important for automation tools to be designed for revenue cycle management.
When organizations automate their revenue cycle processes, they can improve their bottom line while freeing up time and resources to spend on more complicated and value-enhancing tasks, according to a report from FTI Consulting.
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