Quorum Health Corp. Selects R1 RCM for End-to-End Revenue Cycle Management across 26 Hospitals & Outpatient Centers in 14 Sta...
09 Maggio 2019 - 3:00AM
Business Wire
Quorum Health Corporation (NYSE: QHC) today announced that a
wholly owned subsidiary of the Company has selected R1 RCM to
provide end-to-end revenue cycle management (RCM) services.
“Working with R1 will allow us to transition our revenue cycle
management activities to a platform that aligns with the needs of
our hospitals,” said Alfred Lumsdaine, Quorum Health’s Executive
Vice President and Chief Financial Officer. “R1’s
technology-enabled platform and revenue cycle operations experience
will help with a smooth transition, as well as providing near-term
visibility to meeting our financial goals. In addition, our
partnership with R1 represents an exciting opportunity to better
serve our patients through an improved overall healthcare
experience.”
R1’s platform integration with existing infrastructure is
expected to improve revenue cycle operations while driving down
costs, increasing revenue and transforming the patient experience.
After conducting a competitive search, Quorum Health selected R1
and anticipates going live in the second half of 2019. Quorum
Health joins a prestigious roster of R1 customers, including
Intermountain Healthcare, Ascension and AMITA Health.
“We are honored to have been chosen as Quorum Health’s revenue
cycle partner,” said Joe Flanagan, President and CEO of R1 RCM. “We
look forward to supporting Quorum Health in achieving their patient
care and financial goals.”
Forward-Looking Statements
Certain statements contained in this news release are
forward-looking statements that involve risk and uncertainties.
Actual future events or results may differ materially from these
statements. Readers are referred to the documents filed by Quorum
Health Corporation with the Securities and Exchange Commission,
including the Company’s annual report on Form 10-K, current reports
on Form 8-K and quarterly reports on Form 10-Q. These filings
identify important risk factors and other uncertainties that could
cause actual results to differ from those contained in the
forward-looking statements. The Company undertakes no obligation to
revise or update any forward-looking statements, or to make any
other forward-looking statements, whether as a result of new
information, future events or otherwise.
The terms “QHC,” “Quorum Health,” “the Company,” “we,” “us” or
“our” refer to Quorum Health Corporation or one or more of its
subsidiaries or affiliates as applicable.
About Quorum Health Corporation
Quorum Health Corporation is an operator of general acute care
hospitals and outpatient services in the United States. Through its
subsidiaries, the Company owns, leases or operates a diversified
portfolio of 26 affiliated hospitals in rural and mid-sized markets
located across 14 states with an aggregate of 2,458 licensed beds.
The Company also operates Quorum Health Resources, LLC, a leading
hospital management advisory and consulting services business. More
information about Quorum Health Corporation can be found at
www.quorumhealth.com.
About R1 RCM
R1 RCM is a leading provider of technology-enabled RCM services
which transform and solve revenue cycle performance challenges
across hospitals, health systems and group physician
practices. R1’s proven and scalable operating models seamlessly
complement 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190508005938/en/
Quorum Health Contact:Asher DewhurstWestwicke
PartnersQuorumHealth@Westwicke.com / (443) 213-0500
R1 RCM Contacts:Investor Relations:Atif
Rahim312-324-5476investorrelations@r1rcm.com
Media Relations:Natalie Joslin678-585-1206media@r1rcm.com
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