R1 RCM Announces New Modular Revenue Cycle Solutions
July 26 2017 - 8:00AM
R1 RCM Inc. (NASDAQ:RCM), a leading provider of revenue cycle
management (RCM) and physician advisory services (PAS) to
healthcare providers, today announced the expansion of its
portfolio of modular solutions based on the R1 Performance StackSM.
As one of the largest and most experienced providers of revenue
cycle solutions, R1 has invested heavily in a service delivery
model and technology platform that span the entire revenue cycle.
Complementing its core end-to-end RCM offering, R1 will now offer
new solutions to provide customers with additional flexibility and
opportunities to take advantage of its capabilities.
“We have expanded our portfolio of modular solutions to help
address some of the key pain points in revenue cycle management
today,” said Joe Flanagan, President and Chief Executive Officer of
R1. “Now, healthcare providers can leverage our solutions to
transform their revenue cycle with a focus on areas that fit their
specific business needs.”
R1’s modular solutions will take advantage of the organization’s
extensive operating experience, proven methods, performance
analytics, broad infrastructure and proprietary technology – all
delivered as-a-service to healthcare providers. In addition to its
existing PAS offering, the company is launching five modules
focused around key RCM performance outcomes:
- High Accuracy: Full-service coding,
revenue integrity services, and advanced analytics that help enable
revenue growth and improve operational efficiency through compliant
processes and services.
- High Yield: Appeals and underpayment
services that improve payer yield through better recovery rates for
denials, and provide actionable analytics.
- High Efficiency: Claim validation,
insurance billing, and claim reconciliation to improve collection
yield while reducing costs.
- Patient Experience: Pre-registration and
financial clearance services to ensure adequate coverage and
authorization of care. These services support patients’ financial
needs and improve their experience accessing care.
- Revenue Capture: Charge capture, charge
description master (CDM) maintenance, and pricing services that
help providers ensure they are capturing the maximum net compliant
revenue for services delivered.
The company expects these new offerings to enable customers to
achieve performance improvements in key areas while taking steps
forward to advance their overall commercial
infrastructure.
“We’re excited to offer customers more flexibility in how they
can take advantage of our capabilities as part of their revenue
cycle transformation,” said Jack Brock, Executive Vice President of
Commercial Solutions. “With options ranging from modular
offerings to a full operating partnership, we are committed to
helping our customers achieve their objectives through a strong
commercial infrastructure.”
Additional information on these new R1 solutions is available
upon request and can be found on R1’s website at r1rcm.com.
About R1 RCM R1 serves as the one revenue cycle
management partner for select hospitals and healthcare systems
regardless of their payment models, patient engagement strategies,
or settings of care. The Company uses a proven operating
model based on the R1 Performance StackSM designed to fit
seamlessly into any healthcare organization’s infrastructure and to
enhance the patient experience, improve provider economics, and
provide revenue predictability. To learn more, visit r1rcm.com.
Contact:
R1 RCM Inc.
Investor Relations:
Atif Rahim
312.324.5476
investorrelations@r1rcm.com
Media Relations:
Deborah Lacy
650.814.7125
media@r1rcm.com
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