hospital margin pressure

Hospital RCM Margin Pressure from Labor Cost Increases

Revenue Cycle Management (RCM) is at the core of financial health for hospitals, ensuring that patient services are captured, billed, and reimbursed accurately. However, in recent years, hospitals across the United States have been experiencing significant margin pressure within RCM operations due to rising labor costs. As wages increase for billing staff, coders, and administrative teams compounded by workforce shortages and inflation hospitals face a delicate balance between maintaining revenue integrity and managing operational expenses. The Labor Cost Challenge in