R1 Buys Cerner’s RCM Business for $30M

RI RCM announced yesterday that it is purchasing RevWorks, the revenue cycle management arm of Cerner. R1 is spending $30 million on the acquisition, according to published reports. A filing with the Securities and Exchange Commission made by R1 in relation to the acquisition indicated that the amount will be …

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Hospitals Suffer Worst Month Ever

It will likely not come as a surprise to anyone, but hospitals across the country had their worst financial month ever in April, as revenue and expenses moved in opposite directions, but not in the good way, according to a report. Overall, hospital’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and …

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