Becker's Healthcare December 8, 2022
From announcing a new CEO and president to completing its acquisition of Cloudmed, here are five headlines about R1 RCM from 2022.
1. R1 RCM completed its acquisition of Atlanta-based healthcare revenue recovery provider and consultant Cloudmed on June 21. R1 RCM announced in January it planned to acquire Cloudmed in an all-stock deal worth about $4.1 billion. Cloudmed works with more than 400 of the largest health systems in the U.S. and recovers more than $1.5 billion in underpaid or unidentified revenue for its clients each year.
2. Joe Flanagan, CEO of R1 RCM, said Nov. 8 that he would step down effective Jan. 1. Lee Rivas, the company’s current president, will serve as its next CEO. Mr....
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