Accounting & Financial Management
With benefits costs expected to climb 5% in 2020, employers are engaging in efforts to stem the increases.
Making the process more palatable for consumers can help to avoid revenue leakage and lawsuits.
It will add Simplee's financial engagement platform to its revenue cycle portfolio and incorporate its billing tools into its consumer-facing technology.
While the outlook for the rest of the year remains positive, global economic uncertainty is causing a conservative investment approach.
Real-time tracking technologies allow the organization to monitor everything from patients to medical equipment.
Medical costs in the U.S. will rise more slowly compared to other regions, with Latin America, Africa and the Middle East seeing the most change.
Revenue growth remained a hurdle due to hospitals' ongoing reimbursement challenges, but overall stability has increased.
In 2003, about 29% of U.S. hospitals employed physicians, a number that rose to 42% by 2012.
Following two years of falling margins, the trend has reversed course, with median margins improving more than 10% over 2018.
These improvements don't necessarily translate to sufficient margins, however, as hospitals in many markets are still struggling.