As hospitals acquire physician practices, a study by the Journal of the American Medical Association says this shift has contributed to rising costs. This integration process can make health care more expensive in the short term, even if it benefits your facility in the long run.
So where do these growing pains appear? For many medical centers, it’s accounts receivable. As these essential incorporation costs are budgeted, administrators may struggle to collect payments successfully. Organizations without resources to manage heavy caseloads and a backlog may choose to outsource receivables management.
If your care facility is growing and changing, contact us today to learn about solutions to optimize your revenue cycle.