30% of hospitals and health systems using revenue cycle automation require two or more vendors

Truman Slate

About 30% of overall health methods and hospitals are unable to take care of their earnings cycle automation initiatives with no at minimum two distributors, according to earnings cycle management automation business Alpha Overall health. And a different 30% have developed internal automation groups, though additional than seventy six% of all those corporations are large — with $1 billion or additional in internet affected person revenues.

The quantities were being gleaned from a countrywide study designed to evaluate adoption of automation in earnings cycle functions at overall health methods and hospitals throughout the U.S. It was carried out by way of the Health care Economical Administration Association’s Pulse Study plan, fielded in between May 19, 2020 and June 22, 2020 amongst 587 main money officers and earnings cycle leaders at different overall health methods.

What is actually THE Impact

No matter of the option utilized to automate earnings cycle tasks,

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