R1 RCM

R1 RCM is a revenue cycle management partner for hospitals and healthcare systems, offering technology-driven solutions that enhance both patient experiences and financial performance. Founded in 2003 and based in Chicago, Illinois, the company utilizes a proven operating model known as the R1 Performance Stack to seamlessly integrate with various healthcare organizations. R1 RCM provides comprehensive end-to-end services, including revenue cycle personnel, technology solutions, and process workflows, which aim to improve operating margins and cash flows for healthcare providers. The company’s services are designed to foster satisfaction among patients, physicians, and staff while ensuring revenue predictability for its clients. The majority of R1 RCM’s revenue is generated through operating fees.

Kyle Hicok

Executive Vice President and Executive

Anthony Speranzo

Chairman and Board Member

Jennifer Williams

CFO and Executive Vice President

6 past transactions

Acclara

Acquisition in 2023
Acclara Solutions, LLC is a revenue cycle management firm that specializes in providing services to hospitals, health systems, and physician practices. Founded in 1997 and headquartered in Houston, Texas, with an additional office in Oakland Park, Florida, Acclara focuses on enhancing financial outcomes through patient financial responsibility, insurance reimbursement, and conversion assistance. By prioritizing the patient experience and effectively communicating financial responsibilities, Acclara helps healthcare organizations recover revenue more efficiently, reduce claims denials, and minimize bad debt. This approach not only increases collections but also allows healthcare providers to reinvest funds into patient care, thereby improving overall patient satisfaction and loyalty. Acclara Solutions operates as a subsidiary of Providence St. Joseph Health since its name change from The Sirrus Group in April 2017.

VisitPay

Acquisition in 2021
VisitPay develops patient-centered self-pay solutions for health care providers. The company specializes in developing reports within revenue cycle management practice area, as well as enables users to merge financial, operational, and clinical information in a common reporting structure. It offers Self-Pay Engine, which provides an integrated suite of services, business intelligence, processes, and payment-producing products that allow hospitals to manage self-pay receivables. In addition, the company offers professional consulting, technology, and advisory services for self-pay management practices and systems that include dashboards and reporting tools, self-pay strategy assessment, data integration, and portfolio valuation services. Further, it provides self-pay process management services, including inventory management, work flow and processes, payment estimation, charity care identification, analytics, vendor management, payment tools and strategies, and legal programs. The company was incorporated in 2010 and is based in Boise, Idaho.

Cerner - RevWorks

Acquisition in 2020
Cerner’s Revenue Cycle Management solutions and services help organizations use automation to streamline operations, reduce administrative functions, control the cost to collect, make sound business decisions and, ultimately, work to create healthier financial outcomes across acute and ambulatory venues.
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