R1 RCM Expands Market Reach with Launch of Revenue Cycle Management Solution for Large Physician Groups

CHICAGO, Jan. 22, 2020 (GLOBE NEWSWIRE) -- R1 RCM Inc. RCM, a leader in technology-enabled revenue cycle management (RCM) services to healthcare providers, announced the launch of its new physician revenue cycle management solution, R1 Professional, serving large independent practices and hospital-owned medical groups.

The solution adds to R1's existing physician RCM portfolio which services more than 27,000 physicians across more than 80 specialties and accounts for more than 30 million patient and clinician engagements annually. R1 currently provides revenue cycle management for some of the largest physician groups in the country, representing more than $7 billion in contracted net patient revenue.

R1's revenue cycle solution is fueled by a purpose-built technology platform, automation at scale, a digital patient financial experience aligned with consumer expectations, and proven performance improvement capabilities that empower financial visibility across large healthcare organizations.

R1's physician RCM and practice management solutions complement high-quality clinical care and enable superior financial results by providing a consistent revenue cycle operations strategy across all care settings and reimbursement models.

"Both patients and providers are underserved by the solutions offered in today's market," said Joe Flanagan, president and chief executive officer of R1. "With R1 Professional, providers can optimize payer and patient revenue while addressing the challenges associated with provider consolidation, value-based reimbursement and improving the patient experience."

R1's investment in the physician RCM space is also demonstrated by the recent announcement of Vijay Kotte as executive vice president, physician services. Kotte leads R1's physician-focused operations, including growth, product development and strategic initiatives. Kotte brings more than 20 years of deep healthcare experience in consulting, operations and entrepreneurial leadership of new businesses. Most recently, Kotte was the chief value officer for DaVita Medical Group, with responsibility for strategy, performance and operations.

"I am excited to join R1 at this pivotal time for the physician services business," said Kotte. "Our team is well-positioned to deliver meaningful value for our physician group customers."

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.

Forward Looking Statements:
This press release includes statements that may constitute "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In particular, statements about future events and relationships, plans, future growth and future performance are forward-looking statements. These statements are often identified by the use of words such as "anticipate," "believe," "estimate," "expect," "intend," "designed," "may," "plan," "predict," "project," "would" and similar expressions or variations, although not all forward-looking statements contain these identifying words. We have based these forward-looking statements on our current expectations and projections about future events as of the date hereof and any forward-looking statements contained herein should not be relied upon as representing our views as of any subsequent date. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. While we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. Although we believe that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Should one or more of these risks and uncertainties materialize, or should underlying assumptions, projections, or expectations prove incorrect, actual results, performance, financial condition, or events may vary materially and adversely from those anticipated, estimated, or expected. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to the factors discussed under the heading "Risk Factors" in our annual report on Form 10-K for the year ended December 31, 2018, our quarterly reports on Form 10-Q and any other periodic reports we file with the Securities and Exchange Commission.

Contacts:
Investor Relations
Atif Rahim
R1 RCM Inc.
312.324.5476
investorrelations@r1rcm.com

Media Relations:
Natalie Joslin
678.585.1206
media@r1rcm.com