Item 1.01 Entry into a Material Definitive Agreement.
Background
On
On
Amendment to the A&R MPSA
On
• Term extension. The terms of the A&R MPSA and the AMG Supplement are extended
to
• Base fee discounts. The Amendment amends the discounts applicable to the base
fees payable by
• Digital transformation of consumer and provider experience.
o The parties have selected R1's patient experience technology platform as the
standard across the acute care setting for all
o The Company (or its partners) will be the exclusive provider of patient pay
experience technology for
o The parties will conduct an assessment of the AMG patient journey, and during the twenty-four months following such assessment, the Company will have an exclusive right to deploy technologies to transform the patient experience in the AMG setting.
• Evaluation of new offshore service locations. The Company and its
subcontractors may perform the revenue cycle management services at additional
offshore locations approved by
• Operating metrics. The parties will amend certain metrics used to measure the
Company's revenue cycle operating performance for purposes of calculating
incentive payments, effective as of
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• Service levels. Effective as of
• Limitation of liability. The Amendment increases the Company's liability cap under the A&R MPSA.
• Termination. The Amendment does not amend any termination-related terms of
the A&R MPSA or the AMG Supplement, which terms are described in the Form 8-K
filed on
• AMITA MPSA.
Item 8.01 Other Events.
On
Forward Looking Statements
This Current Report on Form 8-K includes statements that may constitute
"forward-looking statements" made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. In particular, statements
about future events and relationships, plans, future growth and future
performance are forward-looking statements. These statements are often
identified by the use of words such as "anticipate," "believe," "estimate,"
"expect," "intend," "designed," "may," "plan," "predict," "project," "would" and
similar expressions or variations, although not all forward-looking statements
contain these identifying words. We have based these forward-looking statements
on our current expectations and projections about future events as of the date
hereof and any forward-looking statements contained herein should not be relied
upon as representing our views as of any subsequent date. Subsequent events and
developments, including actual results or changes in our assumptions, may cause
our views to change. While we may elect to update these forward-looking
statements at some point in the future, we have no current intention of doing so
except to the extent required by applicable law. Although we believe that the
expectations reflected in such forward-looking statements are based on
reasonable assumptions, such statements are subject to risks and uncertainties
that could cause actual results to differ materially from those projected.
Should one or more of these risks and uncertainties materialize, or should
underlying assumptions, projections, or expectations prove incorrect, actual
results, performance, financial condition, or events may vary materially and
adversely from those anticipated, estimated, or expected. Our actual results and
outcomes could differ materially from those included in these forward-looking
statements as a result of various factors, including, but not limited to,
factors discussed under the heading "Risk Factors" in our annual report on Form
10-K for the year ended
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibit Number Description 99.1 Press Release of R1 RCM Inc., dated May 4 , 2021 104 Cover Page Interactive Data File - the cover page iXBRL tags are embedded within the Inline XBRL document.
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