CHICAGO – October 19, 2018 – R1 RCM Inc. (NASDAQ:RCM), a leading provider of technology-enabled revenue cycle management (RCM) services to healthcare providers, announced today that R1 Analytics, the company’s proprietary performance management tool, is now recognized as part of The Healthcare Financial Management Association’s (HFMA) MAP Keys Compliant Program.
HFMA’s MAP Keys Compliant Program evaluates and designates products with data-capture and data-reporting capabilities that support the use of MAP Keys (key performance indicators) to track, compare and improve revenue cycle performance.
Certification under the program complements R1 Analytics, an industry-leading suite of proprietary revenue cycle metrics and standards, by giving R1’s partners and customers comfort that their performance results should be comparable for benchmarking purposes across industry peers.
“We are honored to have passed HFMA’s rigorous evaluation and to be recognized with this distinction,” said Chris Hartemayer, senior vice president, central operations performance management, R1. “It’s imperative for health system leaders to have access to key performance indicators and be able to trust that results are compared in an ‘apples to apples’ format with peers to truly determine areas for improvement.”
Once R1 submitted R1 Analytics for MAP Keys Compliant consideration, HFMA rigorously scrutinized the source data-capture, extraction, and reporting capabilities of the technology. HFMA then identified which specific data elements – and related MAP Keys – R1 and R1 Analytics provides.
“R1’s platform went through the same intense scrutiny we place on every information technology product submitted for MAP Keys Compliant consideration,” says Bill Casey, senior vice president, member experience and business development, HFMA. “Clearly, R1's product is a reliable source of data in relation to HFMA’s MAP Keys industry-standard benchmarking metrics and we’re honored to recognize R1's efforts.”
R1 is a leading provider of technology-enabled revenue cycle management services which transform a health system’s revenue cycle performance across settings of care. R1’s proven and scalable operating model, the R1 Performance Stack℠, seamlessly complements a healthcare organization’s infrastructure, quickly driving sustainable improvements to net patient revenue and cash flows while reducing operating costs and enhancing the patient experience.
R1 RCM Inc.
Content written on behalf of R1 RCM.