Overview
R1 RCM (formerly known as Accretive Health) is a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers. It handles patient registration, benefits verification, medical treatment documentation and coding, billing, and other tasks for clients. The company specializes in enhancing efficiencies and quality while reducing costs. It provides technology solutions and process
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Read More workflows. Typical customers are not-for-profit and for-profit hospital systems, such as Ascension Health and Intermountain Health, as well as independent medical centers, physician groups, and EMS organizations. The company operates about 15 offices in the US and six offices overseas. In mid-2022, R1 RCM acquired Cloudmed for approximately $4.1 billion.
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Read More workflows. Typical customers are not-for-profit and for-profit hospital systems, such as Ascension Health and Intermountain Health, as well as independent medical centers, physician groups, and EMS organizations. The company operates about 15 offices in the US and six offices overseas. In mid-2022, R1 RCM acquired Cloudmed for approximately $4.1 billion.
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Joseph Flanagan
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Office Administrative Services
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Administrative and Support Services
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Administrative and Support and Waste Management and Remediation Services
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Hospital management
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Nursing and personal care facility management
Business Support Services
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Employment Services
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Facilities Support Services
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Investigation and Security Services
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Other Support Services
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Remediation and Other Waste Management Services
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Services to Buildings and Dwellings
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Travel Arrangement and Reservation Services
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Contacts
Get in Touch with 6 Principals* and 438 Contacts
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Joseph FlanaganChief Executive Officer and President
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Financial Statements
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Financial data as of ? (12 month period) in USD
Annual Revenue 2023
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USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Operating Cash | $340 | -$10 | $256 |
| Net Investing Cash | -$103 | -$950 | -$332 |
| Net Financing Cash | -$174 | $943 | $31 |
| Net Change in Cash | $63 | -$16 | -$44 |
| Cash at Beginning of Period | $110 | $130 | $175 |
| Cash at End of Period | $174 | $110 | $130 |
| Capital Expenditure | -$102 | -$94 | -$52 |
| Assets (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $174 | $110 | $130 |
| Accounts Receivable | $269 | $260 | $157 |
| Inventories | $ | $ | $ |
| Other Current Assets | $190 | $194 | $77 |
| Asset Summary | |||
| Total Current Assets | $633 | $564 | $365 |
| Tangible Fixed Assets | $236 | $245 | $144 |
| Intangible Assets | $1,311 | $1,514 | $265 |
| Total Assets | $4,960 | $5,122 | $1,438 |
| Liabilities (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $23 | $33 | $18 |
| Short-Term Debt | $73 | $69 | $26 |
| Other Current Liabilities | $251 | $247 | $210 |
| Liability Summary | |||
| Total Current Liabilities | $346 | $350 | $253 |
| Long-Term Debt | $1,570 | $1,733 | $755 |
| Other Long-Term Liabilities | $23 | $23 | $17 |
| Total Liabilities | $2,209 | $2,419 | $1,101 |
| Stakeholder's Equity (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Equity | |||
| Common Stock | $4 | $4 | $3 |
| Retained Earnings | -$137 | -$140 | -$77 |
| Equity Summary | |||
| Total Equity | $2,751 | $2,702 | $337 |
| Shares Outstanding | 420,201,507 | 416,597,885 | 278,226,242 |