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Health systems and physician organizations are facing significant staffing shortages, and hospital leaders are finding it increasingly difficult to attract and retain staff—not just clinical staff but revenue cycle staff as well. Clinical FTEs understandably get top priority, leaving revenue cycle leaders struggling to maintain optimal productivity and capacity among their teams. To make matters worse, they’re often faced with a shrinking pool of highly qualified local candidates from which to choose. They may end up hiring inexperienced workers that need extensive training, which takes time and resources they simply cannot spare. All of this makes outsourcing a more attractive option. But with such limited financial resources, how can revenue cycle leaders identify the right vendor for their organization? And how can they know which processes to outsource and which to keep in-house?
This white paper explores the issues and offers guidance that can help revenue cycle leaders in their outsourcing journey. Your Guide to Choosing an Outsourcing Solution to Mitigate the Impact of Revenue Cycle Staffing Shortages provides seven questions revenue cycle leaders should ask themselves to determine whether outsourcing is the best approach, as well as which processes to outsource and which to keep in-house. Since each organization has unique revenue cycle requirements, the white paper also helps healthcare leaders identify the best outsourcer for their organization. Readers will learn four must-know capabilities they should be looking for when choosing a partner.  It is difficult to know just how long it will be before staffing levels return to pre-pandemic levels—if they ever do. What we do know is that the strength of an organization’s bottom line is in direct alignment with the quality of its revenue cycle processes. In these challenging times, outsourcing can be the key to achieving long-term post-pandemic financial recovery.
Vendor:
HBCS Revenue Cycle
Posted:
Aug 5, 2022
Published:
May 26, 2022
Format:
PDF
Type:
White Paper

This resource is no longer available.