R1 RCM’s Post

On the ECG blog, my colleagues Jim Donohue and David Wofford discuss upcoming changes to CMS’s split/shared billing policy and explore potential billing scenarios that could have material financial consequences for organizations. #splitshared #ecgmc #advancedpracticeprovider

The ACO REACH model is revolutionizing the way we approach patient care, offering two distinct payment options that tailor financial risks to your needs: Professional option: Ideal for those seeking balance, this option offers 50% shared savings/losses with CMS, minimizing your financial exposure. Global option: For the bold and strategic, this option allows you to embrace 100% shared savings/losses, maximizing potential rewards. This innovative approach ensures that we can provide exceptional care while managing financial risks effectively. Together, we're not just navigating the future of healthcare; we're shaping it. #VigilanceHealth #ACOPartners #HealthcareInnovation #ACOREACH Photo courtesy of CMS.gov

May the 4th Be With Your Revenue Cycle! 🌌 Today, we're channeling the spirit of Star Wars to bring balance to your financial galaxy. With the Force as our guide, we help healthcare providers conquer billing challenges, ensuring a smoother revenue flow.  #MayThe4thBeWithYou, and may the Revenue Force be strong in your organization! 🚀💰 Visit www.brsi.ai #HealthcareSuccess #RevenueOptimization #EfficiencyBoost  #BRSi #RevenueIntegrity #RevenueCycle #RevenueEmpowerment #StarWarsDay

The Healthcare Financial Management Association (HFMA) recently took a deep dive into the challenges and pressures financial leaders are facing in healthcare today. They noted that financial leaders in healthcare continue to put pressure on revenue rate increases and ROI, noting that it highlights the importance of having the right technology-driven solution to relieve this tension. Millennia takes a holistic approach to helping you collect more revenue and lowering the cost of collection. Read more about the importance of embracing change: https://bit.ly/43kwSHq #patientsatisfaction #patientengagement #patientbilling #patientportal #healthcarepayments #paymentprocessing #millenniacomplete

The healthcare financial experience can often be as confusing as it is vital. Despite years of efforts, patients continue to face daunting challenges navigating billing, payments, and insurance. Heather Dunn, MBA, CHFP, CRCR, former chief revenue cycle officer for Vanderbilt University Medical Center, identifies a fundamental truth: “We haven’t educated people about how it actually works.” As we seek strides in this complex landscape, one thing is clear: we need to double-down on patient financial care. Our industry has seen tremendous investment in patient-centered technology that is proving to make a big impact. Together, we can cure payment confusion and foster a patient financial experience that serves everyone better. Check out the full Healthcare Financial Management Association (HFMA) report:  https://lnkd.in/dCGAUMeb

Our Cost Report Analysis Tool is a cloud-based tool that searches for errors, inconsistencies, omissions, misallocated costs, and opportunities to optimize reimbursement accuracy of your Medicare Cost Report. By subscribing, organizations can understand where they stand in comparison to other CAHs on national benchmarks on key metrics that affect CAH reimbursement and access a description of the required process to access this revenue. Learn more here: https://hubs.li/Q02qkPCl0 #StroudwaterAssociates #RuralHealthcare #CAHs

Navigating the complexities of uncompensated care is a financial challenge for many healthcare organizations. At Integrated RCM Services, we specialize in revenue cycle management solutions, minimizing the impact of uncompensated care on your bottom line. Let's turn challenges into opportunities together. Discover how IRCMS, and Nick DeRose and Jamie Knox, can help optimize your financial health today: https://ircmservices.com/ #RCMServices #RevenueCycleSolutations #HealthcareManagement

Day #2 at the Healthcare Financial Management Association (HFMA) Annual Conference! Great conversations are happening at the Curae booth #818. We're excited to share how our Patient Financial Access Platform can help reduce patient debt by 22% and increase NPS by 30 points. Stop by to learn how we can transform your patient's financial experience and enhance outcomes for your healthcare system. #patientcare #patientexperience #insurancediscovery #patientfinancing

Unlock Your Potential with a Brand New Certificate! By obtaining the Healthcare Financial Management Association (HFMA) 'Patient Access Essentials' certification, you see how the information collected from the Front End of the Revenue Cycle Flow (i.e., Scheduling, Pre-Registration, Registration, Financial Clearance and Financial Counseling), can potentially effect the Back End with Patient Accounting. Transparency is the name of the game: helping patients have a positive experience and minimizing human errors with patient identifiers. The reward can be the increase of those 'OAS'CAHPS (this survey will be required and linked to reimbursement starting CY 2024 for HOPDs) and HCAHPS survey scores.

Big wins for value-based care! 🎊 $1.8 billion saved in 2022 by the Medicare Shared Savings Program, marking 6 years of consecutive success, all while driving high-quality care. At Accorded, we’ve also done MSSP Financial Performance & Projection for our customers. Leverage Acumen to accelerate your value-based care strategy: https://lnkd.in/eZspU4hT #MedicareSavings #HealthcareSuccess