Healthcare financial and operational leaders are grappling with major challenges like labor shortages, patient satisfaction and a proliferation of technology vendors to manage. Many leaders see the patient financial experience as ripe for transformation and believe that digital tools and new approaches to revenue cycle operations can help.
"This is not an either/or. This is an and,” explains Jennifer Stemmler, Chief Digital Officer for Adventist Health. “How do we solve a great consumer experience and improve our yield and cost to collect?”
Several converging trends are continuing to hammer healthcare organizations. Namely: Thin margins are getting thinner, and a tight labor market is getting tighter, while consumer expectations keep growing.
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 ...
Today’s consumers are inundated with financial pressures as inflation hits record highs, COVID persists as a source of medical debt, and insurers peel back on COVID-related coverage. Last year, Americans racked up
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.
In Charles Darwin’s seminal work on evolution, he said “It is not the strongest of the species that survives, nor the most intelligent. It is the one that is the most adaptable to change.” I think it’s fair to say that this is being proven true in healthcare now more than ever.
MURRAY, UTAH – October 25, 2021 – R1 RCM Inc. (NASDAQ:RCM), a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, announced today that American Physician ...
When it comes to the revenue cycle, technology providers can often be bucketed three ways:
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