Five Solutions to Key Accounting Challenges Hospitals Face in the New NormalMar 17, 2021 11:48AM ● By Med Magazine
The COVID-19 pandemic has created many new challenges for hospitals to manage and exacerbated existing complexities. A few examples are: Regulatory compliance, Telemedicine and telehealth, New competition, Revenue and receivables, Financial reporting, Higher deductible plans, Cancelled or deferred services, COVID-related expenses.
Take Action to Strengthen Accounting Strategies Today
Hospital accounting has inherent complexity, and forecasting is distinctly challenging right now. However, you can take action to strengthen your accounting processes and operations for greater stability and efficiency.