R1 RCM

Nearly half of providers are behind on revenue goals amid RCM department labor shortages, report shows

Nearly half of health systems and physician groups in the U.S. are behind on their 2022 revenue goals, and healthcare executives are worried about increasing costs, shrinking margins and the impending recession, according to a new report. It also found that most healthcare organizations' revenue cycle or billing departments are struggling with labor shortages, leading operational inefficiencies and negative patient billing experiences.

Healthcare fintech M&A expected to boost patient experience, provider operations

M&A activity in the healthcare finance technology is heating up, evidenced by large transactions such as Cedar buying OODA Health and R1 RCM buying VisitPay. Experts agree that this activity won't end anytime soon, and it will have a positive impact on providers and patients.

Cerner sells revenue cycle outsourcing business

Revenue cycle company R1 acquired Cerner’s RevWorks business. The company will also acquire commercial, non-federal clients as part of the deal.

R1 RCM pays $190M for scheduling software firm

Patient scheduling is increasingly seen as a key part of revenue cycle management. It also can help create a more welcoming "digital front door" that improves access to care and the overall patient experience.