Medical lending comes in many forms. From practice loans to medical school debt financing, banks recognize the value of partnering with the healthcare industry. And they’re responding to your biggest problems with a robust portfolio of loan services.
According to a recent report by Bain, M&A activity has been ramping up in the healthcare industry. Last year, total deal valuation reached an all-time high of $435 billion, an amount that is only expected to increase in 2019 and beyond.
In 2018, a prominent Illinois hospital reported a $92 million accounting error after discovering they had heavily overestimated their accounts receivable (AR).
According to healthcare C-levels, improving the consumer experience is a top priority in 2019. And this is especially true for CXOs within competitive markets. It’s no wonder when NRC and CHRISTUS Health have found that convenience is the top factor a prospective patient will use to choose a primary provider.
With so many innovations in healthcare operations over the past 5 years, providers need strong revenue cycle leadership more than ever before. In fact, the need for healthcare leaders like revenue cycle managers is projected to increase by 20% between now and 2026.
