While 2024 should see a continuation of the positive momentum coming out of last year, some obstacles still remain on the path to further improvement, growth and innovation. Our partner, CommerceHealthcare®, discusses these obstacles in more detail in their 2024 Healthcare Finance Trends. This year’s report explores ten themes in four focal areas:
- Financial. Financial challenges will impact all decision-making, as will workforce shortages and the need to pursue top-line growth alongside cost control.
- Patient financial experience. Many will elevate their efforts to make the overall patient financial experience less fragmented, more streamlined and fully responsive. Healthcare affordability poses risks to the financial health of organizations and will stimulate growth in patient financing programs.
- Automation and Technology. Finance and revenue cycle management (RCM) processes represent attractive automation targets, prompting growing investment. Technology to further digital transformation will also be a priority — with integration, cybersecurity, and artificial intelligence in the forefront. And four perspectives are explored on today’s digital payments landscape.
- Collaboration and Trust. Strategic success rests on the twin leadership pillars of meaningful collaboration and trust among all constituencies.
The report is a full and complex set of considerations for healthcare leaders to address. Read the report in full here or by clicking the image below.
