CHICAGO – May 4, 2021 – R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, today announced a strategic expansion and extension with Ascension, the nation’s largest Catholic and non-profit health system. The agreement expands R1’s role as the provider of key patient experience technologies, provides for rich use of R1 technologies and services to improve patients’ and providers’ experiences scheduling with Ascension caregivers, and extends R1’s revenue cycle management services agreement with Ascension to 2031.
Ascension is standardizing its technology footprint for digital engagement and will utilize R1’s intelligent patient access technology to deliver an improved experience for patients and providers. This technology unifies ordering, scheduling, arrivals and payments on one platform and is designed to integrate seamlessly with Ascension's broader technology environment.
“We’ve appreciated the economic and strategic value from our R1 partnership, and we are pleased to expand our relationship and extend the partnership to 2031,” said Liz Foshage, executive vice president and chief financial officer of Ascension.
“Ascension’s aspiration is to deliver a best-in-class consumer experience, and our partnership with R1 is a key component in achieving that goal,” said Eduardo Conrado, executive vice president and chief strategy and innovation officer of Ascension. “We look forward to continuing with R1’s technology platform to enable a seamless consumer journey.”
“We are very pleased to broaden our long-standing relationship with Ascension,” said Joe Flanagan, president and chief executive officer of R1. “The strength of our partnership and strategic nature of this expansion enable us to drive a truly unique transformation of healthcare, which we believe will result in a differentiated patient experience, improved accessibility and convenience, caregiver empowerment and markedly improved financial performance for Ascension.”
R1 is a leading provider of technology-driven solutions that transform the patient experience and financial performance of hospitals, health systems, and medical groups. 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.
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Content written on behalf of R1 RCM.