Full-Time

Facility Lead

Posted on 11/20/2024

R1 RCM

R1 RCM

10,001+ employees

Revenue cycle management solutions for healthcare

Enterprise Software
Healthcare

Compensation Overview

$43.9k - $60kAnnually

Mid, Senior

Fort Bridger, WY, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Word/Pages/Docs
Excel/Numbers/Sheets
Requirements
  • Intermediate skill level of Microsoft Word, Excel, PowerPoint and Outlook
  • Expert knowledge in Billing Processes
  • Excellent written and verbal communication skills
  • Ability to work well independently and in teams
  • Good project management skills
  • Ability to prioritize, multi-task and work in a fast-paced, high volume environment
  • Demonstrates strong leadership qualities and good decision-making abilities
  • Positive attitude
  • Must meet performance standards
Responsibilities
  • Assist in establishing and implementing departmental initiatives.
  • Develop and coach team members in skills and processes to promote quality.
  • Expert knowledge in accounts receivable follow up/team processes and procedures.
  • Measure and monitor KPI metrics related to AR performance with an emphasis on aging categories.
  • Manage and monitor the transaction of all uncompensated care performance indicators including, but not limited to: Charity, Bad Debt, Paro, and Uninsured discounts.
  • Prepare, analyze, and provide daily, weekly, and monthly metrics reports on key AR metrics as assigned.
  • Participate in weekly operations meetings to drive performance excellence. Troubleshoot and resolve issues with client concerns with a sense of urgency.
  • Establish working relationship with on and offshore counterparts; serve as a liaison between hourly and management staff for training, quality and general questions.
  • Train and educate staff on new process changes.
  • Fill in production gaps when needed.
  • Other duties as assigned.

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 reduce costs and improve patient satisfaction. R1 RCM offers comprehensive services that cover all aspects of the revenue cycle, from patient registration to billing and collections. Their goal is to enhance the financial performance of healthcare organizations while allowing them to focus more on patient care.

Company Stage

Acquired

Total Funding

N/A

Headquarters

Murray, Utah

Founded

N/A

Growth & Insights
Headcount

6 month growth

12%

1 year growth

23%

2 year growth

37%
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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