Overview
R1 RCM is a healthcare technology and services company that automates and manages revenue cycle operations for hospitals, health systems and physician groups. It is headquartered in Murray, Utah.[1]
On 19 November 2024, investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice completed their acquisition of R1, paying US$14.30 per share in cash in a transaction valued at about US$8.9 billion.[1] As a privately owned company it publishes less financial detail than it did as a listed one.
R1’s model is end-to-end revenue cycle outsourcing: it typically takes responsibility for a client’s patient access, coding, billing and collections operations and applies automation across them. Its own website could not be opened for this review, so current client counts, staff numbers and service details are not listed here. Smaller practices are not its focus, and contracts are negotiated individually with no published pricing.
R1 RCM features
- End-to-end revenue cycle outsourcing
- Automation of revenue management
- Services for hospitals and physician groups
- Patient access through collections
R1 RCM pricing
Quote-based; contracts negotiated individually.
R1 RCM strengths and limitations
Strengths
- Very large scale
- End-to-end responsibility
- Experience with major health systems
- Heavy automation investment
Limitations
- Less public financial disclosure since going private
- Not designed for small practices
- No published pricing
Appears in
R1 RCM alternatives and competitors
Alternatives to R1 RCM: companies ranked in the same lists.
Ensemble Health Partners
Omega Healthcare
AGS Health
Ventra Health- Coronis Health
CareCloud
Access Healthcare
Medusind
Plutus Health- CureMD
- MedicalBillersandCoders
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