Health systems enhance their revenue cycle strategies (Health & Beauty - Health Services)
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Item ID 16194010 in Category: Health & Beauty - Health Services
Health systems enhance their revenue cycle strategies | |
Hospital and health system leaders are directing their attention towards enhancing revenue cycle management over the next year, aiming to achieve a more financially stable position as they approach 2025. The focus lies on leveraging technology, embracing automation, and enhancing staff skills to bring about significant improvements. Stephen DelRossi, the interim CEO and CFO of Northern Inyo Healthcare District in Bishop, California, emphasized the pivotal role of revenue cycle improvement for the upcoming year. Addressing issues such as cash collections at 87% of net patient revenue and a denial rate nearing 5%, DelRossi expressed confidence that rectifying these aspects would propel the hospital into a positive financial position. Additionally, the hospital is actively expanding its services and service lines to generate increased revenue. In the last five months, targeted strategic efforts led to a remarkable increase of over 14% in net patient revenue and an 8% reduction in costs, resulting in a positive shift from a financial deficit to a surplus. For more details please visit our website - https://www.medhealthinsight.com/new-soundboard-review-pricing-is-not-always-the-only-criteria-2-11-2-39/  | |
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| Target State: New York Target City : New York City Last Update : Sep 10, 2025 2:42 AM Number of Views: 17 | Item Owner : medhealthinsight Contact Email: (None) Contact Phone: (None) |
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2025-09-14 (0.959 sec)