The company will be the health system’s exclusive revenue cycle management provider for the next 10 years, according to a July 14 R1 RCM news release. Sutter Health and R1 RCM estimate the deal will save the provider $400 million over that span.
As part of the agreement, about 1,150 Sutter revenue cycle employees will be offered comparable positions, pay and benefits with R1 RCM, according to the news release.
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.