Becker's Healthcare February 27, 2024
R1 RCM reported a $3.3 million net income in 2023 after posting a net loss of $63.3 million in 2022, according to its Feb. 27 financial statement.
For the year ended Dec. 31, the revenue cycle management company posted revenue of $2.25 billion, up 24.8% from 2022.
“R1 executed on its key objectives in 2023,” CEO Lee Rivas said in the news release. “We established a stronger foundation for growth, stabilized key metrics for several clients and delivered approximately $30 million in synergies from the Cloudmed integration. In addition, we strengthened our technology platform by driving innovation through generative AI and enhanced our global infrastructure to improve our performance and competitive position in the market.”
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