CHICAGO – May 14, 2019 – R1 RCM Inc. (NASDAQ:RCM), a leading provider of technology-enabled revenue cycle management (RCM) services to healthcare providers, announced that BJC HealthCare, based in St. Louis, Missouri, has selected R1® to provide its Revenue Integrity Solutions (RIS), formerly known as Revenue Capture Services (RCS) to support BJC’s affiliated hospitals and affiliated physician group in ensuring appropriate payment for services provided and documented via charge capture, coding review, root cause analysis and education.
After conducting an extensive RFI process, BJC selected R1 for its Revenue Integrity Solutions module and the parties have entered into a three-year agreement to help ensure accurate billing for services performed while maintaining a compliant billing environment. R1’s Revenue Integrity Solutions leverage advanced technology and analytics, a proprietary rules engine and a team of healthcare experts to help providers gain accurate reimbursement for the care provided.
“We are pleased to begin partnering with R1 as we continue to improve processes and ensure revenue integrity,” says Tracy Berry, vice president and chief revenue officer for BJC HealthCare. “R1 was chosen due to their comprehensive approach to revenue integrity and how it can be integrated into our current processes.”
“We are honored to add BJC HealthCare, one of the most respected healthcare organizations in the country, to our growing base of Revenue Integrity Solutions clients,” said Gary Long, Chief Commercial Officer at R1 RCM. “With more than $5 billion in net patient revenue, BJC HealthCare is one of the largest non-profit health care systems in the country, with two nationally-recognized academic hospitals, and is one of the largest private employers in St. Louis and Missouri. We’re looking forward to deploying our solutions across their portfolio of hospitals to help them improve their financial performance.”
In addition to R1’s Revenue Integrity Solutions, hospitals and health systems can leverage other modular solutions from R1 to improve outcomes and drive revenue cycle management performance.
This press release includes statements that may constitute “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In particular, statements about future events and relationships, plans, future growth and future performance, are forward-looking statements. These statements are often identified by the use of words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “designed,” “may,” “plan,” “predict,” “project,” “would” and similar expressions or variations, although not all forward-looking statements contain these identifying words. We have based these forward-looking statements on our current expectations and projections about future events as of the date hereof and any forward-looking statements contained herein should not be relied upon as representing our views as of any subsequent date. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. While we may elect to update these forward-looking statements at some point in the future, it has no current intention of doing so except to the extent required by applicable law. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Should one or more of these risks and uncertainties materialize, or should underlying assumptions, projections, or expectations prove incorrect, actual results, performance, financial condition, or events may vary materially and adversely from those anticipated, estimated, or expected.
R1 RCM is a leading provider of technology-enabled RCM services which transform and solve revenue cycle performance challenges across hospitals, health systems and group physician practices. R1’s proven and scalable operating models seamlessly complement 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. To learn more visit: r1rcm.com.
BJC HealthCare is one of the largest non-profit health care organizations in the United States and is focused on delivering services to residents primarily in the greater St. Louis, southern Illinois and mid-Missouri regions. With net revenues of over $5 billion, BJC serves the health care needs of urban, suburban and rural communities and includes 15 hospitals and multiple community health locations. Services include inpatient and outpatient care, primary care, community health and wellness, workplace health, home health, community mental health, rehabilitation, long-term care and hospice.
As a non-profit health care organization, BJC is the largest provider of charity care, unreimbursed care and community benefit in Missouri, providing more than $900 million in financial assistance, education of health professionals, safety net services and community outreach programs in 2017.
Natalie Joslin 678-585-1206