The words “financial sustainability” have increasingly become two of the most widely used words in the healthcare industry, due in part to the COVID-19 pandemic and its impact on operating margins. Even with the significant government funding that has been used to offset the negative financial impacts of the pandemic, COVID-19 continues to have a tremendous financial impact on the industry and may be considered the most significant disruption in operations that any hospital or health system has ever experienced.
To help improve financial performance and achieve financial sustainability, especially during these unprecedented times, healthcare providers should start with understanding and improving service line profitability and improving revenue cycle performance. Download our complimentary whitepaper to help your provider organization begin, or continue, its journey on a path to a more sustainable financial future, and to understand how utilizing granular level of data can help make more informed decisions at all levels within your organization.