Central Maine Healthcare Selects R1 for Revenue Capture Solutions
August 01 2017 - 12:00AM
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.”
About R1 RCM 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 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 Central Maine Healthcare 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.
Contact:
R1 RCM Inc.
Investor Relations:
Atif Rahim
312.324.5476
investorrelations@r1rcm.com
Media Relations:
Deborah Lacy
650.814.7125
media@r1rcm.com
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