Research the current challenges hospitals are facing in regards to expenses and reimbursement from third-party payers and share 3 findings for each:
A. Decreasing Reimbursement Rates: Many hospitals are experiencing reduced reimbursement rates from third-party payers, leading to financial strain.
B. Increasing Administrative Costs: Hospitals are facing rising administrative costs associated with processing claims and navigating complex billing procedures required by third-party payers.
C. Denials and Audits: Hospitals often encounter denials of claims and audits from third-party payers, resulting in additional administrative burden and potential revenue loss.