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CHICAGO, April 23, 2018 -- R1 RCM Inc. (NASDAQ:RCM), a leading provider of technology-enabled revenue cycle management (RCM) services to healthcare providers, today announced that Beacon Health based in South Bend, Indiana has selected R1 to provide additional revenue cycle management services to address its needs.
R1 and Beacon Health have signed a multi-year agreement, adding Revenue Capture Services (RCS) to the existing High Yield services in place.
Beacon Health’s CFO, Jeff Costello, stated “R1 is known for delivering on its commitments and has a great record of accomplishments for Beacon Health and its other customers.” Utilizing a unique technology and robust team of revenue cycle experts, RCS provides products such as charge capture, coding review and others aimed at identifying revenue leakage for their clients. RCS is currently in use at over 120 hospitals and has driven improvement of 0.5%-1% in net patient revenue within a 2-year period.
Gary Long, R1’s EVP and Chief Commercial Officer commented, “We are honored to be selected by Beacon Health to provide additional revenue cycle solution services. We’re excited to expand the partnership with Beacon to enable further improvement in their financial health.”
About R1 RCM
R1 is a leading provider of technology-enabled revenue cycle management services which transform a health system’s revenue cycle performance across settings of care. R1’s proven and scalable operating model, the R1 Performance Stack℠, seamlessly complements 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.
About Beacon Health
Beacon Health System is the region’s most trusted partner and guide to creating and maintaining health and well-being. Beacon is a $943M NPR Health System made up of Elkhart General Hospital, Memorial Hospital of South Bend, Beacon Children’s Hospital, Beacon Home Care and Beacon Medical Group. As the regional leader in childbirth, mental health, cancer, pediatrics, trauma, heart and vascular care, stroke, surgery, weight loss services and community health, Beacon Health System is helping their region achieve the highest quality of life.
https://www.beaconhealthsystem.org
Contact:
R1 RCM Inc.
Investor Relations:
Atif Rahim
312-324-5476
[email protected]
Media Relations:
Natalie Joslin
678-585-1206
[email protected]
