The merger, which would unite comparably sized systems in Illinois and Wisconsin to form the country's 10th largest not-for-profit hospital system, got the nod from Wisconsin regulators Thursday.
Allina Health ended 2017 with an operating gain of $146 million after suffering a loss the prior year due to nursing strikes.
Outside of small contracts, R1 RCM hasn't announced major revenue-cycle clients it didn't already have ties with since its 2011 partnership with Intermountain Project Japan. Investors will closely watch Friday's financial release for signs the company, formerly Accretive Health, is on the rebound.
Many systems like Hackensack Meridian Health are looking to establish an all-in-one regional presence that better integrates behavioral health services, which has been a particularly fragmented sector of the industry, exacerbated by issues like the opioid epidemic.
Dr. Mitchell Katz, who took over as CEO at NYC Health and Hospitals in January, plans to address the public health system's fiscal woes by spending his money where it counts the most: staffing.
The test doesn't detect concussions and the approval won't immediately change how patients with suspected concussions are treated. But it allows Banyan Biomarkers to commercialize its test, giving the company an early lead in the race to find a way to diagnose concussions.
Hospitalizations cause only about 4% of personal bankruptcies among non-elderly U.S. adults, according to an analysis published Wednesday in the New England Journal of Medicine.