CHICAGO, Aug. 01, 2017 (GLOBE NEWSWIRE) -- R1 RCM Inc. (NASDAQ:RCM), a leading provider of revenue cycle management and physician advisory services to healthcare providers, today announced that Central Maine Healthcare, an integrated healthcare delivery system serving 400,000 people living in central, western, and mid-coast Maine, selected R1 for its Revenue Capture Solutions module.
“The ongoing changes in healthcare present many challenges for systems such as Central Maine Healthcare. We are pleased to partner with R1 in the critical area of revenue integrity to ensure we receive optimal reimbursement, compliant with applicable contracts and regulations for the services we offer,” said David C. Thompson, Chief Financial Officer of Central Maine Healthcare. “R1’s flexible and innovative approach allows us to focus on our core mission – the delivery of care.”
Revenue Capture Solutions is one of the modular offerings recently launched by the company. Revenue Capture Solutions provides health systems with technology-enabled services designed to ensure maximum compliant revenue for services rendered to patients. R1’s Revenue Capture Solutions module is currently in use at more than 120 hospitals, and has driven improvement of 0.75-1.5% in net patient services revenue over a three-year period.
“We are pleased to partner with Central Maine Healthcare for Revenue Capture Solutions,” said Jack Brock, Executive Vice President of Commercial Solutions. “We have invested heavily in our technology and talent to support delivery of key elements of our offering on a modular basis and Revenue Capture Solutions is a prime example of this investment. The increasing reimbursement complexity generated by payment reform escalates the need for a partner with national scale and expertise.”
R1 serves as the one revenue cycle management partner for select hospitals and healthcare systems regardless of their payment models, patient engagement strategies, or settings of care. The Company uses a proven operating model based on the R1 Performance Stack℠ designed to fit seamlessly into any healthcare organization’s infrastructure and to enhance the patient experience, improve provider economics, and provide revenue predictability. To learn more visit: r1rcm.com.
Central Maine Healthcare (CMH) is an integrated healthcare delivery system serving 400,000 people living in central, western, and mid-coast Maine. CMH's hospital facilities include Central Maine Medical Center in Lewiston, Bridgton Hospital, and Rumford Hospital. CMH also supports Central Maine Medical Group, a primary and specialty care practice organization with a presence in 17 Maine communities. Other system services include the Central Maine Heart and Vascular Institute, a regional trauma program, LifeFlight of Maine's southern Maine base, the Central Maine Comprehensive Cancer Center, and other high quality clinical services.
R1 RCM Inc.