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Revenue Cycle Matters - Insights & Tips to Improve Healthcare Collections

Rural Hospitals Struggle to Stay Afloat

November 25, 2019

Rural hospitals, as defined by their geographic location, have an essential role in our nation’s healthcare system, as well as in the communities they serve. Unfortunately, trends in healthcare reimbursement and factors outside their control have put many of them into difficult financial situations.

In recent years, many of the 60 million Americans living in rural communities have watched helplessly as their only local source of healthcare disappears.

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High Business Office Staff Turnover in Rural Hospitals

May 01, 2018

Hospital turnover rates are a serious concern for leaders in the healthcare industry. The healthcare industry as a whole experienced a total employee turnover rate of 20.6% in 2016, versus 17.7% in 2014. The voluntary turnover rate jumped from 12.1% to 14.7% during that same period. The U.S. Bureau of Labor statistics shows 581,000 job separations in healthcare and social assistance services for January 2018, and for 2017, a percentage of 33.2.

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What's Your GDRO? Revenue Cycle Management Strategy in Rural Hospitals

January 16, 2017

Depending on the response, your rural hospital may be suffering from an ineffective revenue cycle management strategy. If that's not the case, there is a severe breakdown in your revenue cycle. Typically, rural hospitals or any hospital for that matter should have GDRO in the 30s or better.

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