Full-Time

Patient Access

Updated on 12/5/2024

R1 RCM

R1 RCM

10,001+ employees

Revenue cycle management solutions for healthcare

Enterprise Software
Healthcare

Compensation Overview

$50.7k - $66kAnnually

Mid

Chicago, IL, USA

Category
Supply Chain Management
Operations & Logistics
Requirements
  • Excel experience
  • Experience in Patient Access or patient facing roles within a hospital environment
Responsibilities
  • Assesses staffing patterns and schedules to optimize departmental resources and productivity.
  • Develops and implements a quality assurance program.
  • Tracks and reports quality assurance results to leadership and makes recommendations for improvements.
  • Keeps abreast of insurance company changes and updates.
  • Delegates and assigns work commensurate with knowledge, skills and experience, and assures the work is performed appropriately.
  • Empowers associates to show creativity and innovation to improve operations and develop solutions to problems.
  • Maintain constant 24/7 supervisory access for associates as well as hospital administration by rotating call between supervisors.

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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