News

Billing
Blog Post
Physician Services
Revenue Cycle

Richard Lopez del RinconFebruary 23, 2021

3 Ways Revenue Cycle Partnerships Produce Financial Sustainability

This post is part two of a two-part blog.

 

There is no doubt that many 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

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Billing
Blog Post
Physician Services
Revenue Cycle

Richard Lopez del RinconFebruary 23, 2021

Why CBOs Aren't Financially Viable for Practices

This post is part one of a two-part blog.

 

It’s no secret that over the past few years, physician organizations have faced several significant financial hurdles. From adjusting to value-based care, to serving more and more underinsured patients, to the most recent financial hit: ...

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Article
health
Healthcare
Patient Experience
Physician Advisory
Physician Services
Revenue Cycle

Nina YoungstromFebruary 9, 2021

COSMOS: Readmission Penalties May Be Worth Swallowing For Revenue

Hospitals may want to reconsider how hard they work to stave off certain Medicare readmissions because the penalties from the Hospital Readmissions Reduction Program pale compared to the loss of revenue and potential harm to patients who should be back in the hospital, a physician advisor said. That calculation ...

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Physician Services
Press Release
Revenue Cycle

R1 RCMFebruary 2, 2021

R1 RCM Ranked #1 by KLAS for Ambulatory RCM Services

CHICAGO – February 2, 2021 – R1 RCM Inc. (NASDAQ:RCM), a leading provider of technology-enabled revenue cycle management (“RCM”) services to healthcare providers, announced today that the company was recognized as Best in KLAS® for Ambulatory RCM Services in the

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Article
Consumerism
Physician Services
Revenue Cycle

Richard Lopez del RinconDecember 21, 2020

Physicians Practice: Revenue Cycle Partnership Addresses Consumerism

Healthcare consumerism has been a trend on the rise for many years, but has never been more relevant than in the COVID-19 “new normal.” Since millions of patients are dealing with financial struggles, loss of insurance, and an overall sense of apprehension when it comes to resuming care treatments, they are ...

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Best Practices
Blog Post
COVID-19
Finance
Payer Contracts
Physician Services
Revenue Cycle

R1 RCMNovember 12, 2020

Increasing Revenue Through Payer Contract Management

Financial recovery isn’t just an uphill battle for today’s physician practice – it’s a mountainous one of Kilimanjaro proportions. Most practices are making up for a substantial decrease in revenue that resulted from a

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Financial Clearance
Physician Services
Podcast
Revenue Cycle

Dan DooleyNovember 10, 2020

Physicians Practice: Financial Clearance and the Pandemic's RCM Impact

Dan Dooley, Vice President of Physician Services at R1, recently recorded a podcast with Physicians Practice where he discusses how the pandemic will change revenue cycle management, as well as how practices can achieve financial clearance and thereby further support their patients.

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Article
Patient Experience
Physician Services
Telehealth

Vijay KotteNovember 6, 2020

MGMA: Enduring the Second Wave - 4 Strategies to Prepare Your Practice

When COVID-19 first hit, practices were forced to enter crisis mode and make tough decisions to remain open. More than 12,000 job losses occurred in the month of March alone,¹ and on average practices have reported a 55% decrease in revenue.² After facing the devastating financial impacts from the initial ...

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Best Practices
Blog Post
Coding
Physician Services

Yvonne RussellNovember 6, 2020

Three Best Practices to Improve Reimbursement Via Coding

2020 is beginning to wind down, but COVID-19’s financial impact on physician practices isn’t. As The Washington Post recently stated, “many of the doctors…who form the backbone of front-line ...

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EMS
Physician Services
Press Release

R1 RCMOctober 30, 2020

R1 Completes Sale of EMS Business to Sarnova Holdings, Inc.

CHICAGO – October 30, 2020 - R1 RCM Inc. (NASDAQ:RCM), a leading provider of technology-enabled revenue cycle management services to healthcare providers, announced it has completed the sale of its emergency medical services (EMS) business, ...

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