R1 RCM Announces New Modular Revenue Cycle Solutions

CHICAGO, July 26, 2017 -- R1 RCM Inc. (NASDAQ:RCM), a leading provider of revenue cycle management (RCM) and physician advisory services (PAS) to healthcare providers, today announced the expansion of its portfolio of modular solutions based on the R1 Performance Stack^SM.

As one of the largest and most experienced providers of revenue cycle solutions, R1 has invested heavily in a service delivery model and technology platform that span the entire revenue cycle. Complementing its core end-to-end RCM offering, R1 will now offer new solutions to provide customers with additional flexibility and opportunities to take advantage of its capabilities.

“We have expanded our portfolio of modular solutions to help address some of the key pain points in revenue cycle management today,” said Joe Flanagan, President and Chief Executive Officer of R1. “Now, healthcare providers can leverage our solutions to transform their revenue cycle with a focus on areas that fit their specific business needs.”

R1’s modular solutions will take advantage of the organization’s extensive operating experience, proven methods, performance analytics, broad infrastructure and proprietary technology – all delivered as-a-service to healthcare providers. In addition to its existing PAS offering, the company is launching five modules focused around key RCM performance outcomes:

• High Accuracy:  Full-service coding, revenue integrity services, and advanced analytics that help enable revenue growth and improve operational efficiency through compliant processes and services.
• High Yield:  Appeals and underpayment services that improve payer yield through better recovery rates for denials, and provide actionable analytics.
• High Efficiency:  Claim validation, insurance billing, and claim reconciliation to improve collection yield while reducing costs.
• Patient Experience: Pre-registration and financial clearance services to ensure adequate coverage and authorization of care. These services support patients’ financial needs and improve their experience accessing care.
• Revenue Capture: Charge capture, charge description master (CDM) maintenance, and pricing services that help providers ensure they are capturing the maximum net compliant revenue for services delivered.

The company expects these new offerings to enable customers to achieve performance improvements in key areas while taking steps forward to advance their overall commercial infrastructure. 

“We’re excited to offer customers more flexibility in how they can take advantage of our capabilities as part of their revenue cycle transformation,” said Jack Brock, Executive Vice President of Commercial Solutions.  “With options ranging from modular offerings to a full operating partnership, we are committed to helping our customers achieve their objectives through a strong commercial infrastructure.” 

Additional information on these new R1 solutions is available upon request and can be found on R1’s website at r1rcm.com.

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 Stack^SM 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.

Contact:
R1 RCM Inc.
Investor Relations:
Atif Rahim
312.324.5476
[email protected]

Media Relations: 
Deborah Lacy 
650.814.7125  
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