Intermountain Healthcare Selects R1 for Revenue Capture Modular Solution
October 05 2017 - 8:00AM
R1 RCM Inc. (NASDAQ:RCM), a leading provider of technology-enabled
revenue cycle management and physician advisory services to
healthcare providers, today announced that Intermountain Healthcare
has expanded its relationship with R1, selecting its Revenue
Capture module to be deployed across the system. Intermountain
Healthcare is a Utah-based, not-for-profit system of 22 hospitals,
180 clinics, and a Medical Group with approximately 1,500 employed
physicians and advanced practitioners.
“It is important for our health system and our patients that we
keep pace with the ongoing changes in healthcare,” said Todd
Craghead, Vice President of Revenue Cycle for Intermountain
Healthcare. “R1 has been a longstanding revenue cycle partner
and we are pleased to extend this relationship in the critical area
of revenue integrity with the Revenue Capture module. We selected
R1 for their breadth of capabilities and integration with our
current hospital practices. We are nearing the end of a
system-wide conversion and needed a revenue integrity solution that
could be quickly implemented across our health system in order to
make certain that we are compliantly capturing revenue inside of
the newly implemented patient accounting system.”
R1’s Revenue Capture module provides health systems with
technology-enabled services designed to ensure compliant revenue
capture for services rendered to patients. The module has
historically driven improvement of 0.75-1.5% in net patient
services revenue over a three-year period. With the expansion to
Intermountain Healthcare, the module will now be in use at more
than 140 hospitals.
“Intermountain is a nationally recognized, progressive leader in
high quality, efficient healthcare delivery,” said Gary Long, EVP
and Chief Commercial Officer for R1 RCM. “We are excited to further
our existing partnership with Intermountain enabling continued,
demonstrable improvements to their revenue cycle process.”
About R1 RCMR1 serves as the one revenue cycle
management partner for select hospitals and healthcare systems
regardless of evolving payment models, partner engagement
structures, or settings of care. The Company uses a proven
operating model based on the R1 Performance StackSM 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.
About Intermountain HealthcareIntermountain
Healthcare is a Utah-based not-for-profit system of 22 hospitals,
180 clinics, a Medical Group with approximately 1,500 employed
physicians and advanced practitioners, a health plans group called
SelectHealth, and other medical services. Intermountain is widely
recognized as a leader in transforming healthcare through high
quality and sustainable costs. For more information,
visit www.intermountainhealthcare.org.
Contacts:
R1 RCM Investor Relations:Atif
Rahim312-324-5476investorrelations@r1rcm.com
R1 RCM Media Relations:Deborah
Lacy650-814-7125media@r1rcm.com
R1 RCM (NASDAQ:RCM)
Historical Stock Chart
From Mar 2024 to Apr 2024
R1 RCM (NASDAQ:RCM)
Historical Stock Chart
From Apr 2023 to Apr 2024