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Optimizing Revenue In Uncertain Times
Overview In February 2021, the American Hospital Association (AHA) released sobering statistics compiled from an analysis by Kaufman, Hall & Associates, LLC about revenue losses the healthcare industry can expect in 2021. In a positive economic outcome, hospitals and health systems are on track to lose $53 billion in revenue while in a downturn, total revenue losses are projected to total $122 billion. Attributing to a portion of these losses are patients that delayed care, either out of caution or because their preferred facilities were not open for non-urgent medical cases. needs. Surveys show anywhere between 30-40% of Americans chose to avoid urgent care and forgo appointments such as cancer screenings, routine wellness exams, and chronic co