Communication and Shared Goals: Creating Successful RCM Partnerships

R1 RCMOctober 14, 2022

What do marriages, friendships and even revenue cycle partnerships all have in common? They are powered by communication, shared goals, commitment and adaptability – things that are key to any successful and long-term relationship.


Becker’s Healthcare sat down with Nola Wyatt, recently retired vice president of revenue cycle at ...

Read More

Healthcare Trends and Data Show Clinical Shortage 'Tip of the Iceberg'

R1 RCMOctober 6, 2022

As the country is emerging from the worst of the pandemic, restaurants, local shops and national chains are constrained by staffing shortages. It’s an inconvenience to say the least, but this is just the tip of the iceberg as other sectors of the labor market are tightening in more crucial ways.

A healthcare labor shortage – one that ...

Read More

How Entri Pay Disrupts the Patient Payment Model

Nikolaus TrottaSeptember 21, 2022

The unprecedented challenges health systems face today are well publicized – from rising costs to scarce labor to shrinking margins – each of which is compounded by the ever-increasing portion of revenue that falls under patient responsibility. Patients can’t keep up. Even insured patients now represent

Read More

Ascension's Nola Wyatt, Retired VP of Rev Cycle, Reflects on the Power Partnerships Bring to RCM

Nola WyattAugust 12, 2022

No healthcare organization is fully insulated from the economic challenges wrought by the pandemic and other recent industry disruptions. In the current environment, revenue cycle management has become even more high stakes. ...

Read More

Sentara Execs Share Insights for Strong Patient Financial Engagement

Will ReillyAugust 10, 2022

The financial environment for health systems and their patients keeps getting tougher.Cascading effects of the pandemic have led toa looming recession, severe labor shortages, rising ...

Read More

Offset Rising Costs and Labor Shortage Challenges with the Right RCM Outsourcing Partner

R1 RCMAugust 8, 2022

Economic pressures and lingering pandemic-related workforce struggles are squeezing the bottom line at today’s healthcare organizations. Clinical labor costs have increased by an average of 8% per patient day compared with 2019, amounting to $17 million in additional annual expenses for a 500-bed hospital, ...

Read More

Adventist, Ascension and LifePoint Share RCM Pressures and Solutions

R1 RCMJune 13, 2022

Every night countless healthcare financial leaders around the country lay awake contemplating three of their biggest concerns: the difficult labor market, optimizing the use of and considering new technology and improving the patient experience.

Read More

HFM: Revenue Cycle Staff Shortages Push Leaders to Adapt Quickly

Lisa EramoMarch 8, 2022

The pandemic-driven workforce shortage is leading to significant changes in revenue cycle management operations at many hospitals and health systems.

 

Changes include the greater use of remote workers, soaring wage costs, implementation of sign-on bonuses, the outsourcing of jobs and greater use of automation, all of which ...

Read More

HFM: How LifePoint Health Revamped its Revenue Cycle

Jason RossMarch 7, 2022

After two years of operating during the pandemic, hospital organizations such as LifePoint Health continue to face financial challenges. 

 

Labor and supply costs increased by 14% and 13%, respectively, between 2020 and 2021, and Kaufman Hall projects hospitals’ losses for 2021 could amount to $53 billion under an ...

Read More

Adventist Health Selects R1 as Patient Billing Partner in its Quest for Consumer Excellence

R1 RCMNovember 16, 2021

VisitPay to offer a seamless and complete payment experience for Adventist Health patients expanding the reach of R1’s Entri™ platform

Read More

\