Pediatrix Medical terminating services agreement with R1 RCM

Along with its report of Q3 results, Pediatrix Medical Group (MD) disclosed earlier that on October 30, Pediatrix notified R1 RCM (RCM), its enterprise RCM services vendor, that it is terminating its services agreement, effective December 15, for service level metrics related to performance. “In connection with the termination, Pediatrix anticipates incurring certain immaterial early termination fees. Following the termination of the services agreement, Pediatrix plans to utilize a hybrid revenue cycle management function that utilizes both the company’s corporate personnel as well as one or more third-party service providers that Pediatrix intends to engage to support these activities,” the company stated.