Healthcare Innovation February 20, 2024
Investments in a hybrid revenue-cycle model and a flat volumes outlook means practice and corporate cost cuts remain a priority.
The leaders of physician services company Pediatrix Medical Group Inc. are looking for 2024 to mark a return to stability as they leave behind a costly revenue-cycle management project and continue to trim their costs.
Fort Lauderdale-based Pediatrix late last year severed ties with R1 RCM and its payment collection platform after extensive problems integrating the software. The two companies had started working together in 2021 (when Pediatrix was still known as Mednax) but CEO James Swift and his team ended the relationship in December due to “service level metrics related to performance.”
Taking R1’s place is a hybrid revenue-cycle...
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