Early Insights on Independent Dispute Resolution Under No Surprises Act
R1 Regulatory Affairs & Regulatory Compliance TeamSeptember 23, 2022
On August 19, 2022, the Departments of Health and Human Services (“HHS”), Labor, and the Treasury (“the Departments”) issued a Federal Independent Dispute Resolution Process Status Update.1 In the statement, the Departments reported that between April 15th and August 11th, 2022, providers initiated ...
How Entri Pay Disrupts the Patient Payment Model
Nikolaus TrottaSeptember 21, 2022
The unprecedented challenges health systems face today are well publicized – from rising costs to scarce labor to shrinking margins – each of which is compounded by the ever-increasing portion of revenue that falls under patient responsibility. Patients can’t keep up. Even insured patients now represent
3 Ways Revenue Cycle Partnerships Produce Financial Sustainability
R1 RCMAugust 25, 2022
There is no doubt that many healthcare systems and practices are in a strenuous financial period. Organizations need to quickly identify opportunities to reduce costs and increase profitability, which is making them seriously consider
Sentara Execs Share Insights for Strong Patient Financial Engagement
Will ReillyAugust 10, 2022
The financial environment for health systems and their patients keeps getting tougher.Cascading effects of the pandemic have led toa looming recession, severe labor shortages, rising ...
Offset Rising Costs and Labor Shortage Challenges with the Right RCM Outsourcing Partner
R1 RCMAugust 8, 2022
Economic pressures and lingering pandemic-related workforce struggles are squeezing the bottom line at today’s healthcare organizations. Clinical labor costs have increased by an average of 8% per patient day compared with 2019, amounting to $17 million in additional annual expenses for a 500-bed hospital, ...
Becker's: What R1 RCM Learned from its Midyear Financial Trends Report
Becker's Hospital CFO ReportJuly 15, 2022
Gary Long hears a lot about the challenges facing healthcare financial leaders in his role as R1 RCM's executive vice president and chief commercial officer.
The issues that he and his team have heard anecdotally have been backed up in a midyear financial trends report released by R1 RCM in June. The company surveyed 205 CFOs and vice ...
Physicians Practice: 4 Ways to Exceed Patient Expectations via the Rev Cycle
Joe PolarisJuly 7, 2022
As costs rise on goods and services from groceries to gas to car prices, Americans are facing unprecedented financial challenges. The extra pressure of rising healthcare costs isn't making life ...
No Surprises Act 2022: What Physicians Still Need to Know
Kathryn BeardJuly 7, 2022
On January 1, 2022, the federal No Surprises Act (NSA) went into effect. At its heart, the NSA aims to empower patients to make more informed financial decisions about their care while eliminating unexpected bills which, prior to NSA protections, have sometimes led to financially ...
Value-Based Reimbursement: The Future of Healthcare
Brian BellamyJune 28, 2022
Over the past several years, healthcare has begun the move toward the adoption of value-based reimbursement (VBR). The transition is picking up speed as the industry begins to emerge from the COVID pandemic.
Action Needed: Why Medical Debt Should Concern Health Organizations
R1 Regulatory TeamJune 22, 2022
In the United States, an estimated 43 million Americans hold a total of $88 billion in medical debt on their credit reports. Patients often incur these expenses unexpectedly, leading to high rates of bankruptcy. Healthcare organizations are now facing increased scrutiny over patient billing and collection practices.
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