BC Advantage - 2023 Issue 5

Revenue Cycle Challenges: The Financial Savior

As consumers, we all face challenging inflationary pressures in our lives, with everything presenting challenges to our budgets. Essential groceries and other items are up significantly, posing tremendous financial obstacles for all consumers. The Consumer Price Index (CPI), a closely watched gauge of inflation, recently showed that price increases continue to slow. The CPI measured 6% for the year at the end of February, down from January's 6.4%. Just the same, consumers are still faced with increasing prices, which obviously puts a damper on the economy since consumer spending accounts for nearly two thirds of the economy. So...

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