Specifically, R1 will provide RCM services across Amita’s acute care hospitals and physician settings.
The 19-hospital Amita is one of the largest health systems in Illinois. Its decision to choose R1 comes nearly four months after Chicago-based Presence Health became part of St. Louis-based Ascension and added its care sites to Amita.
Presence Health also entered into an RCM agreement with R1, per a term sheet announced in February. Amita and R1 said they also signed a term sheet and anticipate entering and implementing a 10-year agreement in the second half of this year.
More articles on healthcare finance:
Dr. Atul Gawande’s 3 takeaways on reducing healthcare costs, improving care
New Medicaid funding formula for Illinois hospitals wins federal OK: 4 things to know
How for-profit hospital operator stocks fared over the first half of 2018
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
