Becker's Healthcare August 2, 2023
R1 RCM posted revenues of $560.7 million in the second quarter of 2023, up $168.8 million — or 43.1 percent — over the same period last year, according to the revenue cycle firm’s Aug. 2 financial report.
The company saw a net income of $300,000 in the three-month period ended June 30, compared to a net loss of $20.4 million over the same period in 2022. Last year’s loss was primarily driven by $74.4 million in expenses related to its completed acquisition of Cloudmed.
R1 had adjusted earnings before interest, taxes, depreciation and amortization of $142.9 million, up $55.7 million — 63.9...
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