St. Louis-based Ascension is extending its revenue cycle partnership with R1 through fiscal year 2037.
The 11-year renewal follows Ascension’s enterprisewide rollout of Phare OS, R1’s AI-driven revenue operating system, according to a Nov. 9 news release. The platform automates pre-bill workflows, including authorization, utilization review, documentation and coding.
Under the renewed deal, R1 and Ascension will continue to improve processes and services through technology and automation.
“Our focus is on making healthcare easier for patients and giving our teams more time to focus on what matters most,” Ascension CFO Saurabh Tripathi said in the release. “By using technology to reduce administrative burden and improve how we operate, we can direct more time and resources toward caring for patients and better serving the communities that depend on us.”
R1 works with 1,000 healthcare providers, including 95 of the top 100 U.S. health systems, and processes more than 1.2 billion payer transactions a year, according to the release.
