R1 RCM acquires Providence's Acclara

Murray-based R1 RCM Inc., a provider of operational software for healthcare providers, has acquired Acclara, a healthcare revenue cycle management company. Acclara is a subsidiary of Providence, a Catholic healthcare system based in Renton, Washington. As part of the agreement, Providence will use R1 RCM Inc. as its long-term revenue cycle management partner. The partnership lays the foundation for R1 to continue to automate revenue management and to extend its scale and diversification to build long-term value for providers, patients and shareholders, the company said.

Providence serves the western U.S. with 51 hospitals, more than 1,000 physician clinics, senior services, supportive housing and many other health and educational services. The health system and its partners employ more than 120,000 caregivers serving communities across Please log in to see the rest of this story.