R1 RCM Inc., a provider of technology-enabled revenue cycle management services to healthcare providers, announced that it will acquire Cerner RevWorks services business and commercial, non-federal client relationships.
RevWorks associates will be offered positions with R1, and both companies have committed to seamless integration between the company’s technology-enabled services platform and Cerner’s software.
As part of the transaction, Cerner will extend R1’s revenue cycle capabilities and expertise to Cerner clients and new prospects, helping drive sustainable financial improvements for providers while enhancing their patients’ overall experience. The closing of the acquisition is expected to take place in the third quarter of 2020, subject to customary closing conditions.
