R1 RCM, a provider of technology-enabled revenue cycle management (RCM) services to healthcare providers, announced that AMITA Health, based in Chicago, has selected R1 RCM to provide its end-to-end RCM services across AMITA Health’s acute care hospitals and physician care settings.
AMITA Health is the largest health system in IL, with approximately $4 billion in annual net patient revenue across 19 hospitals and more than 230 sites of care. Approximately $2.2 billion of AMITA Health’s net patient revenue is attributable to its recent inclusion of Presence Health. R1 has entered into an agreement for R1 to provide end-to-end RCM services to Presence Health, as contemplated in the term sheet between R1 and Presence Health announced in February 2018. In addition, AMITA Health has selected R1 to provide end-to-end RCM services across AMITA Health’s other facilities. AMITA Health’s net patient revenue, prior to the inclusion of Presence Health, was $1.8 billion. AMITA Health and R1 have signed a term sheet and expect to enter into a 10-year agreement and go live with RCM services for this incremental business in the second half of 2018.
