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Patient payment strategies to accelerate cash flow amid COVID-19

from HIT Consultant

Patient payment strategies to accelerate cash flow amid COVID-19 HIT Consultant In the past few months, the COVID-19 pandemic has shaken societies, economies, and human wellbeing to the core. While protecting public health and welfare are top priorities for hospitals, the harsh reality is that it takes cash to keep the doors open and serve patients effectively. Revenue is down significantly as a result of canceled elective surgeries, while the costs of medical supplies and in-demand personal protective equipment for workers have skyrocketed. Hospitals’ operating challenges are expected to continue, with Moody’s Investors Service predicting cash flow will remain low into next year. READ MORE

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