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R1 RCM Q2 revenue jumps 12% ahead of planned $8.9B deal
Becker's Healthcare August 8, 2024
R1 RCM reported revenues of $627.9 million in the second quarter, up $67.2 million (12%) over the same period last year, according to financial results published Aug. 7.
The revenue cycle management company posted $29.1 million in operating income for the period, compared to $23.9 million in the same quarter in 2023. Net loss for the second quarter was $7.6 million, compared to a $1 million net loss in the prior-year period.
Adjusted EBITDA hit $156.1 million, up from $142.9 million.
The company said the quarter reflects impacts to both revenue and...
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