The report, sponsored by R1 RCM, was compiled from 40 quantitative survey responses and eight qualitative in-depth interviews with C-suite executives as well as vice presidents and directors in finance in revenue cycle management roles at leading health systems.
The report outlined four key reasons health systems pursue revenue cycle partnerships:
1. Improve financial performance: Increasing operational efficiency, reducing costs and
improving revenue are the primary reasons health systems seek partnerships.
2. Drive standardization to increase efficiency: Regulating workflows can eliminate variation and redundancies, allowing providers to focus on care delivery.
3. Optimize the patient experience: Patients now want more control over their care, including price transparency and digital self-services processes.
4. Create a sustainable workforce: Partnerships free up staff to address more accounts and complex claims, eliminating administrative burdens to improve employee satisfaction.
Read the full report here.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
