The company saw a net income of $1.3 million in the quarter ended September 30, compared to a net loss of $29.5 million in the same period last year, according to the report.
R1 had adjusted earnings before interest, taxes, depreciation and amortization of $161.5 million, up 30.2% over the same period last year.
“Our strong third quarter results demonstrate our team’s dedication to innovation and efficient execution of our strategy to deliver customer solutions that improve revenues, lower costs and increase patient satisfaction,” R1 RCM CEO Lee Rivas said in the report.
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