Chicago, May 16, 2018 (GLOBE NEWSWIRE) -- The Healthcare Financial Management Association (HFMA) recently reviewed R1 RCM's Technology-Enabled Revenue Cycle Management Service using the Peer Review process. After undergoing the rigorous review, R1 has been awarded the “Peer Reviewed by HFMA®” designation.
R1 offers healthcare providers the means to transform and integrate their revenue cycle operations across settings of care, greatly improving net patient revenue, cash flow and the patient experience while demonstrably reducing the cost to collect. Whether across the enterprise or within specific modular areas of the revenue cycle, the contractual relationship is built to deliver on the client’s goals.
“We are focused on improving the financial performance of health systems, hospitals and physician practices so that they may continue focusing on delivering the highest quality care to the communities they serve,” said Gary Long, EVP and Chief Commercial Officer. “We are honored to have achieved the Peer Reviewed designation and look forward to helping other HFMA members achieve their financial goals.”
HFMA's Peer Review process provides healthcare financial managers with an objective, third-party evaluation of business solutions used in the healthcare workplace. The rigorous, 11-step process includes a Peer Review panel review comprising current customers, prospects who have not made a purchase, and industry experts. The Peer Review status of the healthcare business solution and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical support.
“We’re pleased to have R1 RCM achieve their HFMA Peer Reviewed designation,” said HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “The HFMA Peer Review process assures our members, through a rigorous evaluation, that the reviewed healthcare business solution meets an objective, third-party assessment of overall effectiveness, quality, and value."
About HFMA
With 38,000 members, the Healthcare Financial Management Association (HFMA) is the nation's premier membership organization for healthcare finance leaders. HFMA builds and supports coalitions with other healthcare associations and industry groups to achieve consensus on solutions for the challenges the U.S. healthcare system faces today. Working with a broad cross-section of stakeholders, HFMA identifies gaps throughout the healthcare delivery system and bridges them through the establishment and sharing of knowledge and best practices. We help healthcare stakeholders achieve optimal results by creating and providing education, analysis, and practical tools and solutions. Our mission is to lead the financial management of health care.
About R1 RCM
R1 is a leading provider of technology-enabled revenue cycle management services which transform a health system’s revenue cycle performance across settings of care. R1’s proven and scalable operating model, the R1 Performance Stack℠, seamlessly complements a healthcare organization’s infrastructure, quickly driving sustainable improvements to net patient revenue and cash flows while reducing operating costs and enhancing the patient experience.