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CFOs Will Spend More For Revenue Cycle Technology, But Providers Still Struggle To Realize Benefits

CFOs will spend more for revenue cycle technology, but providers still struggle to realize benefits

Sean Biehle

Sean is Director of Creative Services for MedData, overseeing all content, design, and communications. With over 20 years of experience spanning multiple disciplines and media, Sean has helped launch several successful companies and grow business for multiple clients. Sean is proud graduate of Northwestern University.

HFMA and Navigant recently surveyed 125 hospital and health system chief financial officers (CFOs) and revenue cycle executives to learn about next-generation revenue cycle management trends. Survey findings reveal key improvement opportunities, including a need to optimize revenue cycle technology, enhance revenue integrity efforts, and better engage patients around their financial obligations.

About 90 percent of those surveyed say an increase in consumer responsibility for the bill will impact their organizations and nearly three-quarters plan to increase the amount hospitals spend on healthcare technology.

Source: CFOs will spend more for revenue cycle technology, but providers still struggle to realize benefits | Healthcare Finance News

To learn more, download the findings from the survey here.

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