Medical Economics Beyond the Classroom: Diminishing Revenue Requires Smarter Business for Better Care
This four-part series will discuss the vulnerability of healthcare, insurance contracts, data collection, government contacts, and contract negotiation. The U.S. healthcare industry faced onerous conditions in 2023, including increasing inflation rates, ongoing labor shortages, and the endemic nature of COVID-19. As 2024 arrived, we were confronted with more imposing challenges, including upcoming political elections, a healthcare clearinghouse cyber attack, and diminishing reimbursement rates across the board, again. The impact of these on practice revenue demands strategic planning as well as unified voices.