Increase revenue and reduce cost while transforming the patient experience.
Today’s physician practices face a host of financial challenges such as rising operating costs, physician compensation, patient satisfaction and maximizing payer and patient revenue.
R1 provides end-to-end physician revenue cycle management solutions for hospital-owned and independent physician groups – leveraging our technology leadership and operational excellence to enable excellent patient financial care and easier patient access. By enhancing the patient financial experience, we help you foster higher patient satisfaction, greater loyalty, and increased volume and market share.
We deliver proven financial results at any scale or payment model through an approach that includes risk-based partnerships, technology integration, intelligent automation and performance management. You can trust your practice’s financial health to R1 because we:
Physician practices have experienced their fair share of financial trails and tribulations. It’s clear that targeted strategies need to be implemented to not only bounce back, but grow profitability long-term. Check out this eBook that outlines three proactive measures practices can take to achieve financial resiliency.
R1’s innovative technology creates automated workflows, system integration and seamless hand-offs – enabling a better, more efficient experience for both staff and patients.
Increase efficiency and patient satisfaction with online / mobile self-scheduling, registration and self-service check-in.
Set expectations about patient payment responsibility and offer financial advocacy.
Offer consumer-preferred options such as online bill pay, automated payment plans and omni-channel customer service.
Facilitate speed, accuracy and appropriate payment.
Ensure consistent full payment.
Foster coordinated, proactive care via reminders for wellness visits and preventative appointments.
Reduce cost to collect, speed payment and allow staff to focus on strategic and patient-facing tasks.
Monitor compensation progress versus goals.
Optimize revenue management through financial modeling and contractual terms.
Minimize risk and maximize accuracy through comprehensive education and quality assurance.
Provide oversight to help ensure complete reimbursement.
Fully staff all departments, including specialized A/R work, to ensure efficiency and continual cash flow.
Enable ongoing business continuity via management of integrated technology platform.
Give you operational visibility and clarity about financial and clinical goals.
Utilize individually assigned client representatives to help guide strategy and provide attentive service.
“R1 lets us focus our skills where they’re needed most: providing patients with quality care. We shouldn’t be devoting energy and talent to non-medical activities. With R1 at our side, we don’t have to. It’s a proven way to be part of a whole while retaining your independence.”
Hawaii Emergency Physicians Associated
“Since beginning our partnership with R1, we’ve seen a sharp uptick in revenue. The technology has improved our clean claims rate to 99%, and we’ve increased our charge per visit by nearly 7% and collections per visit by 17%. In addition, R1 has provided additional support to help our practice negotiate better contract rates.”
“The greatest benefit of working with R1 is the ability to manage my practice my way, but with an entirely different level of expertise that I wouldn’t have on my own. As a result, I can spend the majority of my time practicing medicine and serving patients, rather than being burdened by all of the administrative aspects of running a practice."
Raleigh Durham Medical Group