Tactics to Preserve Cash Flow and Stabilize Operations
The COVID-19 pandemic has been a tremendous burden on our nation’s health systems. Hospitals and associated infrastructures all over the world have been strained by the pandemic. Revenue cycle teams have a critical role to play in stabilizing operations and securing the funding as our colleagues battle this terrible viral outbreak. Regulatory and operational changes are occurring quickly. In this article, we will touch on eight tactics that revenue cycle professionals can deploy to protect cash collections. We will provide context and potential interventions that can be applied today to manage through the current situation.