We are already well into 2023 and the challenges that physician practice leaders are facing remain incredibly tough. In these times when margins are razor-thin, are you confident that your practice management systems and processes are as efficient as they could be? Is your revenue cycle optimized for success?
R1’s comprehensive revenue cycle solutions for physician groups continue to draw acclaim from healthcare industry experts and praise from the partners we serve. For the third consecutive year, R1 has been named best in KLAS for Ambulatory Revenue Cycle Management (RCM) Services.
There is no doubt that many healthcare systems and 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
On January 1, 2022, the federal No Surprises Act (NSA) went into effect. At its heart, the NSA aims to empower patients to make more informed financial decisions about their care while eliminating unexpected bills which, prior to NSA protections, have sometimes led to financially ...
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.
Measuring the financial health of your practice plays an important role in future growth. When you understand the metrics that impact your revenue cycle, you can better manage your overall process by making strategic changes to increase revenue and lower costs.
The healthcare workforce shortage is hitting physician groups hard. Worse, the tight labor market doesn’t appear to be a brief bump in the road. Findings from dozens of studies reveal that the shortage of healthcare professionals in the U.S. will not end anytime soon.
With more Americans becoming vaccinated and some COVID-19 restrictions being lifted, medical practices are in a better position to get back to their “normal” day-to-day operations. After a challenging 2020 –
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 ...
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.