R1 Completes Acquisition of RevWorks
R1 RCM Inc., a leading provider of technology-enabled revenue cycle management services to healthcare providers, announced it has completed the acquisition of the Cerner RevWorks services business and commercial, non-federal client relationships.
The combination of R1 and RevWorks is expected to provide enhanced revenue cycle capabilities and expertise to clients and new prospects, helping drive sustainable financial improvements for providers while improving their patients’ overall experience. Significant progress has been made toward seamlessly integrating R1’s technology-enabled services platform and Cerner’s software.
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“We are pleased to complete the acquisition of RevWorks,” said Gary Long, executive vice president and chief commercial officer of R1. “Through the commercial partnership, R1 is offering a powerful RCM solution that combines our collective revenue cycle expertise to produce both operational and patient-centric results. As such, we look forward to delivering scalable innovations and successful client outcomes to Cerner’s customers, as well as other healthcare organizations.”
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“We’re excited to welcome the talented RevWorks team to R1 as we bring together our collective expertise in and commitment to delivering for our customers,” said Vijay Kotte, executive vice president of physician services at R1.
“We’re thrilled to be working with R1 on this transaction as we’ve had a great partnership for some time,” said Brenna Quinn, senior vice president of revenue cycle management at Cerner. “We are committed to growth and transformation that drives simplicity, scale and more cost-effective solutions for global health care. We’re confident that clients, and the industry, will certainly benefit from this expanded R1 offering.”
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