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R1 RCM

Modern HealthcareAugust 9, 2018

Modern Healthcare: R1 RCM Grows Q2 Revenue with New Clients

man holding tablet projecting a graph that shows increase

Revenue-cycle management company R1 RCM continued to grow its revenue in the second quarter of 2018, and the company said that will continue through the end of the year as it brings on new customers.

 

The Chicago-based company reported revenue during the quarter of $207.9 million, a significant jump from $99.4 million in the prior-year period. The company's CEO said R1 forecasts adding nearly $11 billion in net patient revenue onto its operating partner model this year, including approximately $1.8 billion from Amita Health, the Chicago-based Ascension Health joint venture that announced in June it had chosen R1 to provide end-to-end revenue-cycle management services across its hospitals and clinics.

 

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