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 ...

Read More

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 ...

Read More

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 ...

Read More

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

Read More

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 ...

Read More

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. ...

Read More

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.

Read More

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

Read More

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 ...

Read More

Media Inquiries

312-255-7786

media@r1rcm.com

\