Managing Finances of a Hospital is Challenging
The core duties of a healthcare finance head are to make sure the healthcare organization is financed, organized, has a good infrastructure, and technologically upgraded to provide quality healthcare most efficiently and affordably possible. Having said that the CFO of a healthcare organization encounters multiple challenges that hinder the growth of the organization.
- Complicated patient billing and claim lifecycles
- Reduce Accounts Receivables Management
- Reduce Total Cost of Ownership
- Various insurance types and patient procedures
- Follow-ups for declined/rejected claims
