CHICAGO – May 08, 2019 – R1 RCM Inc. (NASDAQ:RCM), a leading provider of technology-enabled revenue cycle management (RCM) services to healthcare providers, announced today that a wholly owned subsidiary of Quorum Health Corporation has selected R1 RCM to provide end-to-end revenue cycle management services across Quorum Health’s portfolio of hospitals and outpatient centers.
“Working with R1 will allow us to transition our revenue cycle management activities to a platform that aligns with the needs of our hospitals,” said Alfred Lumsdaine, Quorum Health’s Executive Vice President and Chief Financial Officer. “R1’s technology-enabled platform and revenue cycle operations experience will help with a smooth transition, as well as providing near-term visibility to meeting our financial goals. In addition, our partnership with R1 represents an exciting opportunity to better serve our patients through an improved overall healthcare experience.”
R1’s platform integration with existing infrastructure is expected to improve revenue cycle operations while driving down costs, increasing revenue and transforming the patient experience. After conducting a competitive search, Quorum Health selected R1 and anticipates going live in the second half of 2019. Quorum Health joins a prestigious roster of R1 customers, including Intermountain Healthcare, Ascension, and AMITA Health.
“We are honored to have been chosen as Quorum Health’s revenue cycle partner,” said Joe Flanagan, President and CEO of R1 RCM. “We look forward to supporting Quorum Health in achieving their patient care and financial goals.”
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, we have 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.
Quorum Health Corporation is an operator of general acute care hospitals and outpatient services in the United States. Through its subsidiaries, the Company owns, leases or operates a diversified portfolio of 26 affiliated hospitals in rural and mid-sized markets located across 14 states with an aggregate of 2,458 licensed beds. The Company also operates Quorum Health Resources, LLC, a leading hospital management advisory and consulting services business. More information about Quorum Health Corporation can be found at www.quorumhealth.com.
Natalie Joslin 678-585-1206
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