R1 Announces Collaborative Partnership with Robotic Process Automation Technology Leader Automation Anywhere to Enhance Revenue Cycle Management
New relationship builds upon R1’s existing automation technology to drive demonstrable results
R1 RCM Inc., a leading provider of technology-enabled revenue cycle management (RCM) services to healthcare providers, today announced a collaborative partnership with Automation Anywhere, a leader in Robotic Process Automation (RPA). The licensing of Automation Anywhere’s RPA technologies will further support R1’s mission to improve RCM performance and enhance the patient financial experience for hospitals, health systems and physician practices.
R1’s technology solutions currently leverage RPA, driving improved results for its clients, such as increasing net patient revenue and reducing RCM operational costs. As a Platinum Partner of Automation Anywhere, R1 believes this relationship will enable R1 to build on its work by expanding RPA use cases and accelerating the delivery of innovative solutions to enhance value to its customers.
R1 expects that Automation Anywhere’s AI-driven Digital Workforce platform – consisting of RPA, cognitive automation and built-in analytics – will help R1 further improve its clients’ revenue cycle management performance as measured by reducing denial rates, improving yield, reducing operating costs, improving the patient financial experience, and generating operational efficiency.
“R1 constantly looks for ways to transform our operation to further benefit healthcare providers,” said Joe Flanagan, President and CEO of R1. “We are excited to enter into this partnership with Automation Anywhere, whose market-leading platform will provide a critical lever to help us continuously improve results.”
Gary Long, Executive Vice President and Chief Commercial Officer, stated “From its industry expertise to its ease of use and ability to rapidly scale, we believe Automation Anywhere will enhance R1’s ability to deliver increasing levels of productivity, which we anticipate will yield improved financial results for our customers and improve their patients’ experience.”
“We are delighted to welcome R1 as a Platinum Partner and continue our strategic value creation with R1 in the RCM space,” said Anubhav Saxena, Executive Vice President, Partnerships, Strategy and Operations at Automation Anywhere. “This is an important step to continuing to build Automation Anywhere’s market growth and provide domain-focused solutions. R1 is uniquely positioned to take advantage of our complete Digital Workforce platform, including RPA, cognitive automation and analytics. This will help them transform healthcare RCM, continue to deliver superior results to current customers and improve the patient financial experience.”
Forward Looking Statements
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