In a high-turnover industry like revenue cycle management, where annual attrition often exceeds 25%, iMagnum stands out. Our attrition rate? Under 3%.
How? Not by luck. But by design.
Culture That Fuels Performance
At iMagnum, we don’t see culture as posters on the wall. We see it in how we solve problems, how we coach talent, and how we celebrate small wins.
Our culture is built around three non-negotiables:
- Focus: Deep work is protected. Every team has a zone designed for cognitive performance.
- Ownership: Teams are trusted with outcomes, not micromanaged for activity.
- Transparency: From incentives to feedback, communication is real-time and two-way.
Recognition That Resonates
Every month, we spotlight high-performers in every function: coding, AR, eligibility, training. Recognition isn't reserved for the flashy—it celebrates consistency, collaboration, and care.
Top performers don’t just get certificates. They get access to leadership projects, mentorship, and custom upskilling through our in-house RCM Academy.
Why This Matters to Clients
High retention means:
- Fewer billing errors from new team churn
- Deeper process familiarity over time
- Stable client-facing teams who "own" your performance
Current Industry Challenges
- Denials: 1 in 7 claims are denied, costing $102B annually -- 86% are avoidable and 65% are never re-submitted.
- Inefficient Prior Authorization 1 in 8 denials are due to prior auth issues, with denial rates ranging from 10% to 41%.
- Staff Shortage: 64% RCM department vacancies are causing a 15–20% rise in AR > 90 days.
- Timely Addressal of Claims: 30% of claims are ignored, and 14% of denials result in write-offs, costing $181 per appeal.
Clients aren’t re-explaining workflows every few months. They build relationships with a team that stays—and scales—with them.
Conclusion: Culture That Compounds
Talent doesn’t just drive our business. It is our business. And when you invest in culture, recognition, and joy, you get more than happy employees.
You get high-performing teams, long-term client success, and a retention rate that rewrites industry expectations.
That’s the iMagnum difference. Under 3% attrition. Over 100% heart.
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