Premium Reports
Contact KLAS
 Download Report Brief  Download Full Report    Zoom in charts

Preferences

   Bookmark

Related Series

Revenue Cycle Services 2015
|
2015
Revenue Cycle Services 2012
|
2012

 End chart zoom
Revenue Cycle Services 2017 Revenue Cycle Services 2017
* A page refresh may be necessary to see the updated image

Revenue Cycle Services 2017
How Do RCS Firms Measure Up to Providers’ Needs?

author - Boyd Stewart
Author
Boyd Stewart
author - Lois Krotz
Author
Lois Krotz
 
March 7, 2017 | Read Time: 3  minutes

Current Time Inside Cache Tag Helper: 12/2/2022 10:45:34 AM and Model.reportId = 1169

Healthcare revenue cycle is complex: compensation for care can come from any of several different payers, and policies are constantly changing. When providers decide to place the care of their financial stream in the hands of a revenue cycle services (RCS) firm, they need that firm to be, first and foremost, adept at delivering on key indicators. Providers also need their RCS firms to fit seamlessly into their culture, whether they are engaged long term or short term, for the complete business office (RCO) or for individual parts of the revenue cycle (EBOS).

HtmlReportContent Current Time Inside Cache Tag Helper: 12/2/2022 10:45:34 AM and Model.reportId= 1169 and Model.HtmlReportContent_LastWriteTimeUtcInTicks=637527334353871325

Navigant Leads RCO Firms in Performance and Breadths

High-value firm Navigant performs work across all RCO areas and fits well into clients’ organizations. Also delivering breadth, R1 RCM (Accretive) has improved their partnering, sometimes expanding to more strategic roles. They can be slow to adapt to unique client needs. Conifer Health clients are displeased with missed and unclear expectations.

rco firms validated engagement types

PwC a Performance Leader with Most Validated Commercial Work

For commercial and government collections, PwC, MedAssist, and MediRevv lead out in performance. PwC couples deep, nuanced partnering with the ability to consistently meet or exceed expectations. MediRevv, Navigant, and Parallon leverage strong patient-centric tools and approaches in early out self-pay work.

ebos firms validated engagement types

Navigant’s RCO Delivery Very Promising; PwC Consistently Hits EBOS KPIs

RCO: RCO engagements overall are more complex, and clients are generally less satisfied with results. Navigant’s high accountability for meeting metrics contributes to consistent delivery for clients. Conifer Health misses some targets without explaining why. Several Cerner clients report missed indicators, software issues, and sometimes-reactive service.

EBOS: PwC works to continuously improve indicators, sometimes even beyond what clients expect. For both RCO and EBOS work, nThrive clients say the firm is focused more on technology and processes than on relationships and struggles to deliver outside of denials management, a very internal process.

likelihood to recommend vs meets key indicators

R1 RCM’s Model Yields Collaboration; Role Clarification Needed

In R1 RCM’s (Accretive) unique co-management model, client and firm share responsibility for hitting targets; some clients at times feel unclear about who is responsible for what. Satisfied Parallon clients highlight a capable staff and a focus on largescale efforts. Others feel Parallon is too overloaded to manage smaller details, leading to lost opportunities.

rco relationship quality and patient satisfaction

MedAssist, MediRevv, and Parallon Build Patient and Client Trust

MedAssist fosters unity with clients by communicating effectively to and from all fronts. MediRevv drives patient/client satisfaction with a culture of respect and professionalism. Parallon is willing to customize patient messaging and interactions to unique populations. PwC also excels at adopting client cultures but doesn’t do self-pay work. Many nThrive clients see a lack of communication and effort to mesh culturally.

ebos relationship quality and patient satisfaction

Conifer, Parallon, and R1 RCM Only RCO Firms to Service Very Large Organizations

Conifer Health, Parallon, and R1 RCM (Accretive) are the only RCO firms with experience handling the complexity and volume of extremely large health systems. The majority of nThrive’s and Navigant’s clients are small to midsize organizations. Four of Cerner’s nine interviewed clients are organizations with fewer than 100 beds, though three others have 1,500–3,000 beds.

sizing spread of rco firms client organizations

Navigant Clients Most Stable; R1 RCM’s and Parallon’s Most Likely to Leave

RCO: Some R1 RCM (Accretive) and Parallon clients plan to leave because the value is not worth the cost. Several Conifer and Cerner clients report dissatisfaction, with Conifer clients feeling stuck in long-term contracts. Cerner clients report poor tools and inconsistent responsiveness, but integration and Cerner’s product knowledge convince them to stay. Some customers feel nThrive performs well enough to keep; others want more support for the complex software.

PwC Turning Short-Term Projects into Strategic Partnerships

EBOS: Clients often engage PwC for short-term engagements and then continue partnerships with the firm after contracts end. The limited data on Conifer Health points to very capable on-site staff and high client satisfaction. Some nThrive clients are leaving for other firms, citing missed metrics or inaccurate work.

customers post purchase perception

author - Elizabeth Pew
Writer
Elizabeth Pew
author - Natalie Jamison
Designer
Natalie Jamison
 Download Report Brief  Download Full Report

This material is copyrighted. Any organization gaining unauthorized access to this report will be liable to compensate KLAS for the full retail price. Please see the KLAS DATA USE POLICY for information regarding use of this report. © 2022 KLAS Research, LLC. All Rights Reserved. NOTE: Performance scores may change significantly when including newly interviewed provider organizations, especially when added to a smaller sample size like in emerging markets with a small number of live clients. The findings presented are not meant to be conclusive data for an entire client base.