70% of surveyed leaders and executives cited strong leadership as an important contribution to revenue cycle success.
In a market report by Sage Growth Partners, 115 executives within revenue cycle, finance, IT, and operations were surveyed on important factors that contribute to the success of an organization's revenue cycle. The respondents' answers reflected the following, in order of importance:
- Strong leadership
- Experienced staff
- Well-structured payer contracts
- Well-thought-out-processes
- Innovative technology
Jasmyne Ray is the revenue cycle editor at HealthLeaders.
KEY TAKEAWAYS
Experienced staff and payer contracts were close in importance, at 66% and 62%, respectively.