Every dollar matters in hospital operations, making revenue cycle management a critical safeguard for financial stability. Accounts Receivable (AR) recovery, often viewed as a back-office function, is in reality a critical driver of financial health. As regulatory demands escalate and payer systems grow more intricate, CFOs must understand the shifting dynamics of AR recovery services for hospitals and the strategic implications of partnering with specialized service providers. Failing to address AR effectively can lead to significant unrecovered revenue, impacting essential assets and hindering a hospital's ability to serve its community. This article outlines what CFOs need to know before entrusting this vital function to a third party.
