Thursday, October 8, 2015
New Affordable Care Act Marketplace Options: Complexity and Efficiency
Healthcare financing processes in hospitals and other medical facilities are typically complex, resulting in a higher risk of errors that lead to revenue loss. In an ideal world, hospitals can provide care to people for free with no problems at all. In reality, however, hospitals need revenue so they can continue providing healthcare to the community. With that in mind, revenue losses can be very harmful, not only to hospitals but the communities they serve. Losses could slow down operations, and/or negatively affect the quality of care due to lack in crucial supplies or equipment, and similar effects. HealthAffairs.org says that hospitals experiencing revenue loss may not close down altogether, but may have to adopt changes that could compromise the quality and accessibility of healthcare.