RevCycle Intelligence June 3, 2020
Revenue cycle management company R1 RCM will acquire Cerner RevWorks following lackluster customer reviews of the outsourcing product.
EHR giant Cerner is shedding its revenue cycle management outsourcing services, according to a recent announcement.
In the announcement earlier today, revenue cycle management technology company R1 RCM Inc. revealed that it will acquire Cerner RevWorks services business and commercial, non-federal client relationships.
Expected to close in the third quarter of 2020, the acquisition will enable Cerner and R1 to integrate the revenue cycle management company’s technology-enabled services platform into Cerner’s software and extend R1’s revenue cycle capabilities and expertise to Cerner clients and new prospects. R1 will also offer RevWorks associates positions at R1.
“Cerner’s overall goal is to deliver client...
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