The Wicks Group (“Wicks”), a New York-based investment firm, announced that it has completed the sale of SCI Solutions, Inc. (“SCI”), a leading provider of healthcare patient access and engagement software, to R1 RCM, a leader in technology-enabled revenue cycle management services to healthcare providers.
Read More: GlobalFintechSeries Interview with Griffin McGahey, President at HC3
The combination of R1 and SCI is expected to deliver enhanced value for healthcare providers and patients. In particular, SCI’s “digital front door” offering creates ease and efficiency for patients. For providers, SCI’s software improves operating efficiency and capacity utilization by collecting and organizing information prior to a patient’s visit, and driving revenue cycle workflow and patient visit logistics using a rules-based engine uniquely built for healthcare providers and enhanced over years of broad deployment across the United States.
“We are excited to join the R1 team to create the most advanced outsourced RCM, patient access and patient engagement software and services platform in the healthcare industry,” said Joel French, CEO of SCI up until the closing of the transaction and now EVP of Patient Experience at R1. “We thank the team at Wicks and the rest of the investor group for their support and collaboration in delivering this outcome for the company.”
Read More: Asia’s First Compliant Crypto Fund Has Emerged — Circle Fund
