74% of Hospitals Use Some Revenue Cycle Automation
Statistic Info
Hospitals and health systems are increasingly using revenue cycle automation to streamline operations and improve efficiency.
A recent survey of over 450 CFOs and revenue cycle leaders at US hospitals and health systems found that nearly three-quarters (74 percent) of these organizations are actively automating some portion of their revenue cycle operations. The survey was commissioned by AKASA and conducted through the Healthcare Financial Management Association’s (HFMA) Pulse Survey program.
Still, about a quarter (24 percent) of survey respondents said they have never used any form of revenue cycle automation and 2 percent said they do not use revenue cycle automation anymore.
Author: RevCycle Intelligence
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