Becker's Healthcare November 5, 2024
R1 RCM posted a net loss of $19.9 million in the third quarter of 2024, down from a net income of $1.3 million over the same period last year, according to its Nov. 5 financial report.
The revenue cycle management company said that the quarter’s results reflect the impacts to both revenue and cost due to recent vendor and customer outages.
The company reported revenue of $656.8 million for the three months ended Sept. 30, up from $572.8 million during the same period in 2023.
Total operating expenses were $641 million for the quarter, up from $531.6 million over the same period last year.
“R1 continued to successfully execute the onboarding of our...
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