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
Automation
Revenue Cycle

Sean BarrettFebruary 15, 2021

For the Record: A Look Inside Intelligent Automation

Over the past five years, there has been significant buzz in the health care industry around automation, including countless articles advertising how it can transform the revenue cycle while delivering major cost savings. For the most part, the fanfare is warranted; automation can help generate significant ...

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Article
Patient Experience
Price Transparency
Revenue Cycle

Alexandra Wilson PecciFebruary 15, 2021

HealthLeaders: Price Transparency is Here, Actions to Take

The CMS price transparency mandate is in effect at long last, after a yearlong delay, court challenges, worries over confused patients, concerns about disclosing proprietary data, and COVID-19-related setbacks.

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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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Blog Post
Coding
Finance
Financial Performance
Financial Recovery
Financial Resilience
Physician Advisory
Revenue Capture
Revenue Cycle
Revenue Integrity

Nicole ShinglerFebruary 8, 2021

Moving Past Revenue Cycle Recovery to Achieve Financial Resilience

After a fairly predictable start, 2020’s unforeseen turn into a yearlong (and counting) pandemic created a torrent of financial and clinical challenges for hospitals and health systems. Reduced volume, increasing care complexities and an uncertain economy still remain in 2021 as hospitals continue working toward ...

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Article
Patient Access
Patient Collections
Patient Experience
Patient Payments
Patient Satisfaction
Revenue Cycle

Hospital Access ManagementFebruary 3, 2021

Hospital Access Management: Physicians, Patients Rarely Discuss Cost

Physicians order tests, prescribe drugs, give referrals to specialists, and recommend surgery — almost always without ever addressing how much all of it costs.

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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
Automation
Revenue Cycle

Sean BarrettJanuary 25, 2021

HIT Consultant: Intelligent Automation in RCM Yields Financial Results

Healthcare provider networks are experiencing enormous pressure to manage financial margins and invest in contactless patient experiences. With overall financial losses projected to exceed $323 ...

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Article
Automation
Revenue Cycle

Sean BarrettJanuary 4, 2021

Health IT Outcomes: Misconceptions When Applying Rev Cycle Automation

After an extremely difficult year – one where health systems now face losses projected to exceed $323 billion due to COVID-19 and as much ...

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