Becker's Healthcare November 15, 2021
For the third quarter of 2021, revenue cycle company R1 RCM reported a net income of $17 million, more than triple the $5.2 million recorded in the same quarter last year.
It also announced a deal with Walgreens’ partner VillageMD. Walgreens is seeking to obtain a 63 percent stake in VillageMD, a value-based primary care provider.
In the three months ended Sept. 30, R1 RCM recorded revenue of $379.7 million, up 23.6 percent from the same period in 2021. It attributed the revenue boost to recovery of patient volume, new customers and its acquisitions of RevWorks and VisitPay.
“Our third quarter results demonstrate continued...
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