What do hospital CFO’s cite as their biggest financial challenge? To find out, KeyBridge Medical Revenue Care surveyed community hospital CFOs in Indiana, Michigan and Ohio.
Overwhelmingly, reimbursements pose the largest challenge to CFOs, with nearly every participant citing this as a primary concern.
Additional survey findings:
78% expect insurance companies’ denial rates to increase over the next year or two.
85% foresee an increasing number of patient-pay accounts due to a growing number of high-deductible insurance plans
74% believe that patient satisfaction was a key element in the billing and collections process
