Becker's Healthcare November 8, 2022
Andrew Cass

R1 RCM saw a net loss of $29.5 million in the third quarter of 2022, down from net income of $17 million over the same period last year, according to its financial report released Nov. 8.

The company said its earnings for the quarter ended Sept. 30 were negatively affected by a $9.5 million increase in allowance for credit losses.

“While we made progress on our strategic priorities in the third quarter, including integrating Cloudmed, advancing our technology roadmap, and onboarding new customers, our results fell short of our expectations due to operational and customer-specific factors,” CEO Joe Flanagan said. “We are...

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Topics: RCM (Revenue Cycle Mgmt), Technology
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