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.
Intelligent automation (IA) is not a panacea for all that’s wrong in healthcare revenue cycle management (RCM). It should not be applied to every task, nor does it result in instant ROI. Plus, automating in healthcare is different than automating in other verticals. Let’s explore common false claims to better understand how to implement
After a year that resulted in 72% of practices experiencing decreases in revenue, patient volumes are normalizing. MGMA recently reported ...
If 2020 was a year of financial crisis, then 2021 is shaping up to be the year of financial resilience – and healthcare providers are nothing if not resilient. After last year’s estimated $323 billion financial loss, bouncing back is no small endeavor for hospitals. The winter COVID-19 surge has caused expenses to soar, with labor and supply ...
It’s a long-standing paradox: When resources are tight, practices tend to omit some of the fundamental activities that could help generate additional revenue. Many practices are still feeling the effects of pandemic-related volume reductions, which have resulted in negative financial impacts and placed a strong ...
In the wake of COVID-19, many healthcare leaders are concerned about their organization’s financial viability and are seeking new revenue cycle management (RCM) strategies to increase profitability and market share.
At the virtual Becker's Hospital Review 11th Annual Meeting, Jason Ross, senior vice president of revenue and network ...
Now more than ever, it is crucial that healthcare providers' strategic revenue cycle investments meet organizational needs and help ensure financial stability.
Just days into 2021, industry leaders such as KaufmanHall began projecting that hospitals and health systems were in for another tumultuous financial year: in addition to recovering from ...
For years, practices have found themselves in a never-ending battle to adjust to the demands of an evolving healthcare marketplace. Adapting to complicated incentive terms in payer contracts, decreasing payer and patient revenue, increasing operational costs, and keeping up with new legislation have been enormous challenges—especially ...
A year after operating margins dipped into negative numbers and YOY revenues decreased as much as
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