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It is no secret that health systems and hospitals have had a rough 2022 thus far. The pandemic led to increased operating expenses, and though COVID cases have steeply declined, the return of elective/non-urgent inpatient care has yet to fully recover. Health system leaders are working hard to flip the script and ensure patients are receiving the quality care that they need.
Hospital executives have many aspects of the business to worry about, however one of their top strategic priorities is margin management. And with margin management comes a heavy focus on ways to increase revenue. In order to make a real impact on these priorities, hospital executives are pushing for improvements in the following areas…