Medical Practice Management: Three Success Drivers for 2023
R1 RCMMay 2, 2023
We are already well into 2023 and the challenges that physician practice leaders are facing remain incredibly tough. In these times when margins are razor-thin, are you confident that your practice management systems and processes are as efficient as they could be? Is your revenue cycle optimized for success?
The Power Behind the HFMA Peer-Reviewed Status
Abby BirchMarch 3, 2023
Dear Health Leaders,
In the world of revenue cycle ...
The Benefits of RCM Global Delivery: Five Myths Busted
R1 RCMDecember 13, 2022
While the healthcare industry continues to climb its way out of a pandemic, it’s also facing unprecedented challenges, including rising operating costs, labor shortages and shrinking margins. What if there was a global delivery model that could help the industry during this challenging time?
Five Healthcare Workforce Shortage Solutions for Physician Groups
Chris PierceMay 17, 2022
The healthcare workforce shortage is hitting physician groups hard. Worse, the tight labor market doesn’t appear to be a brief bump in the road. Findings from dozens of studies reveal that the shortage of healthcare professionals in the U.S. will not end anytime soon.
Good Faith Estimate Interim Final Rule Tells Us About Future of Healthcare Regulation
R1 Regulatory TeamMarch 28, 2022
The No Surprises Act of the 2021 Consolidated Appropriations Act greatly expanded patient protections through upfront cost transparency in the form of Good Faith Estimates (“GFE”). Specifically, the law requires each health care ...
4 Signs It’s Time to Work with a Physician Practice Management Company
Scott MaulMarch 10, 2022
Your goal as a physician is to provide superior healthcare for your patients, but running a successful medical group takes a lot more than clinical excellence. The day-to-day demands of operating a busy physician practice require you to have superior business management skills.
The Value of Rev Cycle Partnerships: A Discussion with LifePoint SVP Jason Ross
Brian ZimmermanJune 3, 2021
Amid what may be healthcare’s toughest era, financial leadership currently faces the daunting task of increasing revenue while simultaneously containing costs. At the recent Becker's Hospital Review 11th Annual Meeting, Jason Ross, senior vice president of revenue and network management for LifePoint Health – a nationwide health system with 87 ...
Increasing Revenue Through Payer Contract Management
R1 RCMNovember 12, 2020
Financial recovery isn’t just an uphill battle for today’s physician practice – it’s a mountainous one of Kilimanjaro proportions. Most practices are making up for a substantial decrease in revenue that resulted from a 50% to ...
Three Best Practices to Improve Reimbursement Via Coding
Yvonne RussellNovember 6, 2020
2020 is beginning to wind down, but COVID-19’s financial impact on physician practices isn’t. As The Washington Post recently stated, “many of the doctors…who form the backbone of front-line care are barely hanging on,” and ...
Joe Polaris on M&A Risk and Benefits, Consumerism Goals
Joe PolarisMarch 13, 2020
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
