Reducing Cost to Collect Amid Growing Revenue Cycle Challenges
R1 RCMAugust 28, 2023
Healthcare costs are rising. Labor shortages abound. Margins continue to shrink, and navigating the ever-changing revenue cycle landscape becomes trickier by the day. For many health systems, lowering the cost to collect seems unattainable given the growing number of revenue cycle challenges. However, with a smart ...
A Perfect Storm: Agencies Collaborate on Medical Debt, Price Transparency, Charity Care
Kathryn Beard, JDAugust 17, 2023
Almost 40% of Americans recently reported they were deferring medical care due to the cost of treatment.1 This is particularly true for Americans with low incomes, who have reported cancelling treatment for even the most serious conditions due to an inability to pay for necessary services.
Financial ...
Transform the Patient Payment Experience with These Two Key Offerings
R1 RCMAugust 11, 2023
A successful patient engagement strategy requires effective implementation of patient account resolution tools and services that address the entire patient obligation pool. While digital tools have advanced self-service patient payment resolution, there will continue to be a need for modernized call center services with compassionate human ...
All Healed Up with Nowhere to Go
Dr. Ronald HirschJuly 24, 2023
On the June 5 edition of Monitor Mondays and in a recent RACmonitor news article, Dr. Bonny Olney from Read More
Evaluating RCM Technology Through Three Different Stakeholder Lenses
R1 RCMJuly 6, 2023
RCM outsourcing and technology go hand-in-hand. This robust technology can lead to reduced costs and increased revenue collections, which is especially important in light of new hospital margin data included in Kaufman Hall's
Executive Shares Insights on RCM Outsourcing
R1 RCMJuly 6, 2023
If you’re like most healthcare executives, you've probably spent countless hours thinking about a host of challenges including rising operating costs, the labor market, and how to improve the patient experience. You’ve probably read articles about RCM outsourcing, watched webinars and analyzed data about the impact it can have. Maybe you’ve ...
Adventist, Ascension and LifePoint Share Their Experience with Revenue Cycle Outsourcing
R1 RCMJuly 6, 2023
Every night since the pandemic, countless healthcare financial leaders from around the country have spent sleepless nights contemplating their biggest concerns: rising operating costs, optimizing the use of new technology, navigating the labor market, and improving the patient experience. ...
Six Pitfalls to Avoid in a Healthcare Call Center to Drive More Cash
R1 RCMMay 19, 2023
It’s no secret that running an efficient modern healthcare call center can be a struggle. Health systems are currently facing unprecedented challenges, including skyrocketing costs, high labor shortages and increasingly more money left uncollected, resulting in monumental losses and long-term negative margins.
Why Prior Authorization Reform Should Garner Provider Support
R1 Regulatory TeamApril 14, 2023
In the United States, prior authorization (“PA”) is a cost-containment tool utilized by payers to reduce payment for medically unnecessary or inappropriate patient care. Despite its laudable policy goals, the use of PA faces
Hospital Price Transparency: Lessons Learned, Best Practices
R1 Regulatory TeamDecember 19, 2022
Federal price transparency requirements for hospitals from the Centers for Medicare & Medicaid Services (CMS) provide patients with an unprecedented amount of insight into the costs for medical services.1
In theory, more pricing information should ...
