EHRs and Consumer Self-Pay Remain Top Revenue Cycle Challenges for Hospital and Health System Executives
Neo-Concept International Group Holdings Limited - Ordinary Shares (NCI)
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Source: Business Wire
Navigant survey conducted by HFMA shows IT budgets growing as providers focus on revenue integrity, robotic process automation, and external collaboration for revenue cycle improvements CHICAGO--(BUSINESS WIRE)--More than 60% of providers struggle to derive optimal value from their electronic health records (EHRs), and 85% believe the increase in consumer self-pay will continue to impact their organizations, a Navigant (NYSE: NCI) analysis based on an executive survey conducted by Healthcare Financial Management Association (HFMA) finds.According to the survey of 108 hospital and health system chief financial officers and revenue cycle executives, 62% suggest EHR adoption challenges have been equal to or outweighed benefits specific to their organization’s revenue cycle performance, up from 56% in 2018. In addition, more than half of executives say their organizations can’t keep up with EHR upgrades or underuse available EHR functions.Consumer self-pay concerns also persist for pr
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