The healthcare industry’s revenue cycle management (RCM) sector faces changes due to rising costs from cybersecurity and regulatory compliance, workforce challenges, payor policy complexity, and integration with electronic medical records. Strategies to address these include cost optimization, outsourcing, increased use of RCM data, introduction of AI and machine learning technologies, system consolidation, and expanding API-driven connectivity. These changes aim to maintain financial health and operational agility in the industry, says Kyle Fetter, COO of XiFin.
European Commission Publishes Action Plan on Cybersecurity of Hospitals and Healthcare Providers
The European Commission has released an action plan aimed at improving the cybersecurity of hospitals and healthcare providers, according to Inside Privacy.
