R1

R1 RCM Inc. is a leading provider of technology-enabled revenue cycle management (RCM) services, specializing in transforming financial performance and enhancing patient care for healthcare organizations across the United States.

By integrating advanced technologies with deep industry expertise, R1 RCM offers comprehensive solutions that streamline operations, optimize revenue, and improve patient experiences.

Founded in 2003 as Accretive Health, the company rebranded to R1 RCM in 2017 following a significant partnership with Ascension, the largest non-profit health system in the U.S.

This collaboration underscored R1 RCM's commitment to long-term partnerships and its role in reshaping healthcare financial operations.

Technology and Services

R1 RCM's platform leverages artificial intelligence (AI), intelligent automation, and deep data analytics to address complex revenue cycle challenges.

Their proprietary RCM optimization engines convert intricate data into actionable financial and operational improvements, enabling healthcare providers to deliver exceptional patient care efficiently.

The company's services encompass a wide range of RCM functions, including:

• Pre-registration
• Financial clearance
• Charge capture
• Coding, billing, and follow-up
• Underpayments and denials management

By managing these critical processes, R1 RCM allows healthcare organizations to focus on delivering quality care while ensuring financial sustainability.

Acquisition and Growth

In August 2024, R1 RCM was acquired by private-equity firms TowerBrook Capital Partners and Clayton, Dubilier & Rice in a deal valued at $8.9 billion.

This acquisition reflects the growing importance of RCM services in the healthcare sector and R1 RCM's pivotal role in this transformation.

Locations

R1 RCM operates in multiple locations across the United States, including its headquarters in Murray, Utah.

Additional offices include:

• Detroit, Michigan
• West Valley City, Utah

These offices support the company's extensive network of over 1,000 clients, comprising hospitals, health systems, and physician groups nationwide.

Commitment and Impact

By combining innovative technology with a deep understanding of healthcare operations, R1 RCM continues to lead the way in revenue cycle management.

They help providers navigate the complexities of healthcare finance while enhancing patient care.