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R1 RCM

R1 RCM to Be Acquired by TowerBrook and CD&R for $8.9B

by Fred Pennic 08/01/2024 Leave a Comment

R1 RCM to Be Acquired by TowerBrook and CD&R for $8.9B

What You Should Know:  - R1 RCM Inc., a leading provider of technology-driven healthcare revenue cycle management solutions, announced that it has entered into a definitive agreement to be acquired by investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice (CD&R). The all-cash transaction values R1 at approximately $8.9 billion.   - Under the terms of the agreement, TowerBrook and CD&R will acquire all outstanding shares of R1
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R1 RCM Forms Special Committee to Evaluate $5.8B PE Firm Buy-Out Offer

by Fred Pennic 03/12/2024 Leave a Comment

R1 RCM, Intermountain Opens Technology and Innovation Center

What You Should Know: - R1 RCM Inc. (NASDAQ: RCM), a provider of healthcare revenue cycle management solutions, announced the formation of a special committee comprised solely of independent directors. - The new committee will evaluate strategic options for the company in response to a recent $5.8B buy-out offer from private equity firm New Mountain Capital. Responding to New Mountain Capital On February 26, 2024, New Mountain Capital filed a Schedule 13D/A with the Securities and
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Debunking 3 Common Myths About Healthcare Revenue Cycle Partnerships

by Gary Long, EVP & CCO at R1 RCM 11/04/2022 Leave a Comment

The healthcare industry is facing unprecedented challenges, including severe labor shortages. According to a recent study, more than nine in 10 health systems and physician groups are experiencing a workforce shortage in revenue cycle management (RCM), with many of those reporting vacancies in over half of their RCM roles. This is one of the many reasons why there has never been a better time for health systems to think outside the box for solutions, including an RCM partnership. Often, when
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Capital One Leads $2.3B Financing for R1 RCM

by Jasmine Pennic 09/07/2022 Leave a Comment

Capital One Leads $2.3B Financing for R1 RCM

What You Should Know: - Capital One Commercial Bank just announced it served as a joint lead arranger for an amended and restated credit facility for R1 RCM, a leading provider of technology-driven revenue cycle management (RCM) solutions for the healthcare industry.  - This $2.3 billion financing will help RI RCM tackle the industry’s labor and reimbursement challenges and help healthcare provider organizations reduce costs, increase revenue, and improve the patient
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Analysis: 2022 Semi-Annual Health IT Market Review

by Healthcare Growth Partners 07/29/2022 Leave a Comment

HGP Releases its July 2022 Semi-Annual Health IT Market Review

Executive Summary Act III of COVID: Navigating the Crosscurrents of Post-Inflation 2022 ushered in Act III of the market’s latest transitionary period: The Post-Inflation Era. Since 2008, the US economy functioned with remarkably low inflation and interest rates. As the cost of capital went lower and lower during the decade, valuations steadily rose. Between 2010 and 2020, the NASDAQ experienced a 17.1% annual growth rate, with no small share of the growth a result of expanding valuation
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Sutter Health Signs 10-Year Contract with R1 RCM for End-to-End RCM

by Fred Pennic 07/18/2022 Leave a Comment

What You Should Know: - Sutter Health, a not-for-profit integrated health system that provides high-quality care across Northern California has signed a 10-year agreement with R1 RCM to serve as their exclusive provider of enterprise revenue cycle management services. - The parties believe that the partnership will help improve Sutter’s overall financial performance with an estimated $400M in cost savings over the next 10 years, helping Sutter achieve more sustainable labor costs and
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ScionHealth Signs 10-Year End-to-End RCM Partnership with R1 RCM

by Fred Pennic 05/09/2022 Leave a Comment

ScionHealth Signs 10-Year End-to-End RCM Partnership with R1 RCM

What You Should Know: - Today, R1 RCM, a leading provider of technology-driven revenue cycle management (RCM) solutions, is announcing a 10-year end-to-end partnership with ScionHealth, a new Louisville-based health system comprising nearly 80 hospitals, to provide exclusive enterprise RCM services to its long-term acute care hospitals. - ScionHealth joins healthcare systems including Ascension, Intermountain Healthcare, LifePoint Health, Penn State Health and more that have chosen R1 to
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Executive Hires: Walgreens Appoints New CEO, Cityblock Health, Innovaccer, Others

by Jasmine Pennic 02/05/2021 Leave a Comment

Walgreens CEO Rosalind Brewer Steps Down, Interim CEO Appointed

Walgreens appoints Rosalind (Roz) Brewer as the company’s Chief Executive Officer, effective on March 15, 2021. Brewer will also join the WBA Board of Directors upon assuming the role. She succeeds Stefano Pessina who, as previously announced, will transition to the role of Executive Chairman of the Board of WBA. Brewer, 58, will become the first Black woman to lead a Fortune 500 company. Former Livongo President, Jennifer Schneider, has joined Cityblock Health’s Board of
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Epic, Galen Healthcare, Chartis Group Named 2020 Overall Best in KLAS Awards

by Fred Pennic 02/02/2021 Leave a Comment

Epic, Galen Healthcare, Chartis Group Named 2020 Overall Best in KLAS Awards

What You Should Know: - Epic was named the top Overall Software Suite for the eleventh consecutive year in the Best in KLAS 2021 Software & Services report, released today, which reports on the top vendors for 2020. Epic was also named the top Overall Physician Practice Vendor. Galen Healthcare Solutions was named the top Overall IT Services Firm. The Chartis Group earned the award of top Overall Healthcare Management Consulting Firm, edging out last year’s winner,
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Intelligent Automation of the Revenue Cycle: How an Integrated Platform Approach Yields Financial Results

by Sean Barrett, Senior Vice President, Product and Digital Transformation, R1 RCM 01/25/2021 Leave a Comment

Intelligent Automation of the Revenue Cycle: How an Integrated Platform Approach Yields Financial Results

Healthcare provider networks are experiencing enormous pressure to manage financial margins and invest in contactless patient experiences. With overall financial losses projected to exceed $323 billion as a result of COVID-19, a projected $200 billion in administrative waste due to revenue cycle inefficiencies, and increasing pressure to meet digital consumerism demands, it is essential for health systems to find ways to streamline processes, maximize their revenue cycles and cut costs. These
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