• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Patient Collections Top Revenue Cycle Worries for Healthcare Providers, Salucro Report Reveals

by Fred Pennic 01/24/2024 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print
Patient Collections Top Revenue Cycle Worries for Healthcare Providers, Salucro Report Reveals

What You Should Know:

– Salucro Healthcare Solutions, a leading healthcare payment technology company, has released its inaugural Healthcare Provider Fintech Insights Report.

– The insights report sheds light on the priorities and challenges faced by revenue cycle and finance professionals in the healthcare industry, offering valuable insights into where they are investing in 2024 and beyond.

A Pressing Concern: Patient Collections

The report paints a clear picture of the current landscape. The biggest concern for revenue cycle leaders, according to 48% of respondents, is timely patient collections. This issue trumps other challenges like denial management (36%) and hiring/staff training (32%). This highlights the importance of streamlining the patient payment process and ensuring efficient collection of outstanding balances.

Investing in Technology for Improvement

Recognizing the need for solutions, 49% of healthcare professionals surveyed are planning to invest in new revenue cycle technology within the next year and a half. This indicates a growing awareness of the potential benefits of advanced technology in addressing revenue cycle challenges.

Integration: Key to Seamless Workflows

When it comes to choosing new technology, integration reigns supreme. A whopping 96% of respondents emphasize the importance of seamless integration with existing revenue cycle applications and workflows. This signifies a desire for solutions that don’t disrupt existing processes but rather enhance them.

The Future of Revenue Cycle: Digital-First Solutions

The report further emphasizes the crucial role of patient payment and billing platforms in driving revenue cycle improvements and reducing collection costs. Platforms that expedite and increase payment collections are seen as essential components of a healthy revenue cycle, paving the way for a digital-first future in healthcare finance.

Rebecca Grossman, Senior Vice President of Strategy and Business Development at Salucro, highlights the disconnect between leadership and frontline revenue cycle teams. “It’s surprising that timely collections remain a top concern,” she says, “especially when compared to other challenges.” Grossman emphasizes that investing in patient payment and billing platforms that offer seamless integration can bridge this gap by improving efficiency and empowering teams to achieve key metrics.

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: Revenue Cycle Management

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

2025 EMR Software Pricing Guide

2025 EMR Software Pricing Guide

Featured Interview

Paradigm Shift in Diabetes Care with Studio Clinics: Q&A with Reach7 Founder Chun Yong

Most-Read

Medtronic to Separate Diabetes Business into New Standalone Company

Medtronic to Separate Diabetes Business into New Standalone Company

White House, IBM Partner to Fight COVID-19 Using Supercomputers

HHS Sets Pricing Targets for Trump’s EO on Most-Favored-Nation Drug Pricing

23andMe to Mine Genetic Data for Drug Discovery

Regeneron to Acquire Key 23andMe Assets for $256M, Pledges Continuity of Consumer Genome Services

CureIS Healthcare Sues Epic: Alleges Anti-Competitive Practices & Trade Secret Theft

The Evolving Role of Physician Advisors: Bridging the Gap Between Clinicians and Administrators

The Evolving Physician Advisor: From UM to Value-Based Care & AI

UnitedHealth Group Names Stephen Hemsley CEO as Andrew Witty Steps Down

UnitedHealth CEO Andrew Witty Steps Down, Stephen Hemsley Returns as CEO

Omada Health Files for IPO

Omada Health Files for IPO

Blue Cross Blue Shield of Massachusetts Launches "CloseKnit" Virtual-First Primary Care Option

Blue Cross Blue Shield of Massachusetts Launches “CloseKnit” Virtual-First Primary Care Option

Osteoboost Launches First FDA-Cleared Prescription Wearable Nationwide to Combat Low Bone Density

Osteoboost Launches First FDA-Cleared Prescription Wearable Nationwide to Combat Low Bone Density

2019 MedTech Breakthrough Award Category Winners Announced

MedTech Breakthrough Announces 2025 MedTech Breakthrough Award Winners

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |