[Press] Intermountain Latest Provider to Outsource Revenue-cycle Management
Featuring Comments from John Behn, Stroudwater Revenue Cycle Solutions
As providers continue to look for ways to cut operating costs and boost their top lines, more are handing over their bill collection and claims processing business to the experts rather than managing it in-house.
The most recent example is Salt Lake City-based , which last week announced it will outsource 2,300 nonclinical employees to revenue-cycle management company R1 RCM, a move that is expected to save the integrated health system $70 million over the next three years.
The transition is part of a new 10-year partnership that will shift claims and payment management responsibilities along with nearly 6% of Intermountainâ€™s workforce to Chicago-based R1.