3 Ways Revenue Cycle Partnerships Produce Financial Sustainability

R1 RCMAugust 25, 2022

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

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Becker's: What R1 RCM Learned from its Midyear Financial Trends Report

Becker's Hospital CFO ReportJuly 15, 2022

Gary Long hears a lot about the challenges facing healthcare financial leaders in his role as R1 RCM's executive vice president and chief commercial officer.

The issues that he and his team have heard anecdotally have been backed up in a midyear financial trends report released by R1 RCM in June. The company surveyed 205 CFOs and vice ...

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Five Revenue Cycle Metrics Profitable Practices Are Measuring

R1 RCMJune 20, 2022

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.

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Becker's: Pair Digital Strategy With a Fresh Revenue Cycle Approach

Becker's Hospital ReviewMay 18, 2022

Healthcare financial and operational leaders are grappling with major challenges like labor shortages, patient satisfaction and a proliferation of technology vendors to manage. Many leaders see the patient financial experience as ripe for transformation and believe that digital tools and new approaches to revenue cycle operations can help.

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Rethink Patient-Facing RCM during Labor Shortage Part 3: Challenges of Small Hospitals

Philip MilsomApril 20, 2022

Imagine this predicament: You manage the registration and admissions functions at a small hospital in rural North Carolina. You’ve recently lost several staff members to retirement, family moves, and other routine causes of attrition. However, several of these staff vacancies occurred Read More

Rethink Patient-Facing RCM during Labor Shortage Part 2: Why Remote RCM Makes Sense

Brooks BabcockApril 20, 2022

Working remotely was a necessity for many people during COVID-19 lockdowns. As the proverb goes, “necessity is the mother of invention.” So, perhaps it shouldn’t surprise us that within mere months, humanity found ways to remotely accomplish all sorts of jobs that were primarily performed in person before the ...

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Rethink Patient-Facing RCM During Healthcare Labor Shortage Part 1: Why Now?

Stephen BernardMarch 8, 2022

"We're hiring."

 

It’s probably safe to say that most of the country’s hospitals and health systems are posting that message prominently right now. Recent employment trends show that the number of people quitting healthcare and social assistance jobs was

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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 ...

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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 ...

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R1 RCM to Acquire Cloudmed, Creating the Strategic Revenue Partner for Healthcare Providers

R1 RCMJanuary 10, 2022

Advances Integrated Technology Strategy Through Enhanced Revenue Intelligence and Expanded Automation Opportunity

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