Our associates are given the chance to contribute, think boldly and create meaningful work that makes a difference in the communities we serve around the world. We go beyond expectations in everything we do. Not only does that drive customer success and improve patient care, but that same enthusiasm is applied to giving back to the community and taking care of our team — including offering a competitive benefits package.
R1 RCM Inc. (“the Company”) is dedicated to the fundamentals of equal employment opportunity. The Company’s employment practices , including those regarding recruitment, hiring, assignment, promotion, compensation, benefits, training, discipline, and termination shall not be based on any person’s age, color, national origin, citizenship status, physical or mental disability, medical condition, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status or any other characteristic protected by federal, state or local law. Furthermore, the Company is dedicated to providing a workplace free from harassment based on any of the foregoing protected categories.
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Confirmed live in the last 24 hours
Revenue cycle management solutions for healthcare
$14.69 - $20.28/hr
Entry, Junior
Pittsburgh, PA, USA
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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 manage and collect patient service revenue more efficiently. R1 RCM stands out by focusing on reducing administrative burdens, allowing healthcare providers to prioritize patient care. The goal is to enhance patient experiences and improve financial outcomes for healthcare organizations.
Company Size
10,001+
Company Stage
IPO
Headquarters
Murray, Utah
Founded
2003
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Jennifer Weinberg, MD, Physician Advisor and Vice President of Operations, R1While artificial intelligence (AI) can automate many functions within the middle revenue cycle, there remains a need for human expertise to manage complex, nuanced decisions to ensure high accuracy and proper context. Ultimately, AI should complement – not replace – humans to drive greater efficiency without compromising quality. In revenue cycle management (RCM), the middle cycle refers to the phase between the front end, which is patient access and care delivery, and the back end, which encompasses billing and reimbursement. During the middle revenue cycle, the focus is generally on capturing patient data, documenting clinical procedures and treatments, and ensuring compliance with regulatory standards. The greatest challenge associated with middle RCM is often translating the language of a clinical encounter into the vocabulary of the revenue cycle. When it goes wrong, the result may be reimbursement delays, claim denials, and an unsatisfactory patient experience. However, by combining what humans and AI do best, providers can optimize management of the middle revenue cycle. Humans and AI: Combining strengthsIn the medical field, humans excel at solving problems that require nuanced, complex judgment and interpretation, often informed by prior experiences. In contrast, AI performs well in executing consistent, repeatable, routine tasks that often involve combing through massive amounts of data to identify outliers
By integrating Palantir's AI tools and capabilities with R1's existing technology and domain expertise, R37 can unlock faster, more precise scalable reimbursement outcomes.
EP Wealth Advisors LLC makes new $168,000 investment in R1 RCM Inc. (NASDAQ:RCM).
What You Should Know:– A new KLAS Research report examines the key drivers of client satisfaction in the physician advisory services market, highlighting the importance of accuracy, timeliness, strong relationships, and specialized service lines.– KLAS names Xsolis as a leader in overall client satisfaction among physician advisory services firms in helping healthcare providers navigate the complexities of regulatory and payer requirements.Key Drivers of Client SatisfactionThe report identifies several key factors that drive client satisfaction with physician advisory services:Accuracy: Providers value accurate and reliable determinations from physician advisors.Providers value accurate and reliable determinations from physician advisors. Timeliness: Prompt turnaround times for case reviews are essential for efficient workflows.Prompt turnaround times for case reviews are essential for efficient workflows. Clear Explanations: Providers appreciate clear, concise, and detailed explanations of determinations, which can be crucial for appeals if needed.Providers appreciate clear, concise, and detailed explanations of determinations, which can be crucial for appeals if needed. Strong Relationships: Building strong relationships and trust between providers and physician advisory firms is essential for effective collaboration.Report Key FindingsXsolis stands out for its high client satisfaction scores, particularly in the areas of accuracy, timeliness, and clear explanations. Clients praise the expertise of Xsolis’ physician advisors and the comprehensive documentation provided.The report also examines other leading physician advisory services firms, including R1 RCM, Brundage Medical Group, and Sound Physicians. Each firm has its own strengths and areas for improvement, highlighting the diverse landscape of this market.R1 RCM: Clients appreciate the comprehensive documentation and summaries provided by R1 RCM, but some report inconsistencies in turnaround times and accuracy, potentially due to high case volumes.Brundage Medical Group: Clients value the firm’s quick response rates and comprehensive explanations, which have led to positive outcomes like increased payer payments and improved CMS Star ratings
R1 RCM has been acquired by TowerBrook Capital Partners and Clayton, Dubilier & Rice in a deal valued at approximately $8.9 billion. The acquisition, announced on August 1, 2024, involved purchasing all outstanding shares at $14.30 per share in cash. Following the transaction, R1 RCM is now a private company and has ceased trading on Nasdaq. Joe Flanagan has returned as CEO, replacing Lee Rivas, to focus on operational excellence and technology leadership.