R1 RCM, a provider of revenue cycle management (RCM) services, today announced it has inked a 10-year agreement with AMITA Health, the largest health system in Illinois to provide end-to-end revenue cycle management (RCM) services across AMITA Health’s acute care hospitals and physician care settings. Formed by Adventist Midwest Health and Alexian Brothers Health System in 2015, Amita Health has 19 hospitals and more than 230 sites of care with with approximately $4 billion in annual net patient revenue.
Approximately $2.2 billion of AMITA Health’s net patient revenue is attributable to its recent inclusion of Presence Health. R1 recently signed an agreement with Presence Health in February 2018. AMITA Health’s net patient revenue, prior to the inclusion of Presence Health, was $1.8 billion.
“R1 offers us the opportunity to combine our revenue cycle operations on an efficient, common platform,” said Mark A. Frey, president and CEO of AMITA Health. “One of our primary goals in bringing Presence Health into AMITA Health is to realize efficiencies that enable us to produce better value for patients. This is a step toward accomplishing that goal.”