Full-Time

Financial Counseling Rep I

Posted on 11/21/2024

R1 RCM

R1 RCM

10,001+ employees

Revenue cycle management solutions for healthcare

Enterprise Software
Healthcare

Compensation Overview

$17.25 - $23.4Hourly

Entry

Kokomo, IN, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Customer Service
Requirements
  • High School Diploma or GED
  • Excellent customer service experience
Responsibilities
  • Communicating over the phone and in person with patients and/or those responsible for treatment payments. You will interact with Case Management, Clinical Staff, Medicaid Vendors, and Family Independence Agencies to assist patients and families in completing financial assistance applications and determine eligibility/coverage
  • Multi-tasking and entering information into computers accurately and as quickly as clients can speak
  • Proactively start the process for collecting prepays due and perform follow up activity to ensure maximum collection is achieved
  • Contacting managers, physicians, and departments of possible delays of service for any elective, urgent admissions, procedures, and scheduled testing which have not been approved prior to the date of service
  • Identify hospital, public and private financial assistance programs for patients unable to meet their financial obligations

R1 RCM provides Revenue Cycle Management (RCM) solutions to healthcare providers, including hospitals and physician groups. The company uses technology to streamline financial and administrative processes, helping clients improve patient experiences and financial performance. R1 RCM stands out by focusing on reducing inefficiencies in the revenue cycle, allowing healthcare organizations to prioritize patient care. The goal is to be a valuable partner in achieving better financial and operational outcomes.

Company Stage

IPO

Total Funding

N/A

Headquarters

Murray, Utah

Founded

2003

Growth & Insights
Headcount

6 month growth

12%

1 year growth

23%

2 year growth

36%
Simplify Jobs

Simplify's Take

What believers are saying

  • The acquisition by TowerBrook Capital Partners and CD&R for $8.9 billion reflects strong investor confidence and potential for growth.
  • R1 RCM's advanced RCM solutions, like R1 Professional, are widely adopted by large hospital-owned medical groups, indicating robust market penetration.
  • The company's strategic focus on automation and AI in handling clinical denials appeals positions it well to address rising healthcare financial pressures.

What critics are saying

  • The recent cyberattack and customer bankruptcy have negatively impacted R1's revenue outlook for 2024, highlighting vulnerabilities in its operations.
  • The competitive landscape in the RCM sector is intense, with potential for market share erosion by emerging technologies and new entrants.

What makes R1 RCM unique

  • R1 RCM's focus on end-to-end RCM solutions tailored for healthcare providers sets it apart from competitors who may offer more generalized financial services.
  • The company's use of intelligent automation to streamline revenue cycle processes provides a competitive edge in reducing administrative burdens and improving patient satisfaction.
  • R1 RCM's performance-based incentive contracts align its success with that of its clients, fostering long-term partnerships and trust.

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