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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