Hospital M&A activities have been trending up in recent years, and with the promised economies of scale it seems like an attractive option. However, according to Joe Polaris, Senior Vice President of Product Technology at R1, achieving the desired benefits of consolidation can be difficult. Joe recently recorded a podcast with HFMA that addresses best practices for creating M&A strategies that help organizations reach their financial goals. Jump to 9:27 to hear his thoughts on why health systems aren’t achieving the expected financial benefits of their combinations.
To hear Joe’s thoughts on how to utilize your revenue cycle to address growing demands from patients who want their healthcare experience to be more like that of almost every other industry, jump to 13:04 in the podcast.
This podcast episode also covers the latest from Washington on the coronavirus and an interview with Lisa Woods, Walmart’s senior director of U.S. benefits about the company’s plan to test curated physician networks.
As R1 RCM’s Senior Vice President of Product and Technology, Joe Polaris leads the company’s product strategy development and roadmap execution. He has been with R1 RCM for 12 years and has developed deep front-line revenue cycle expertise holding positions such as Revenue Cycle Site Lead and Director of Operations, where he built innovative end-to-end processes that have increased the financial stability for hospitals and health systems.