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Provident Healthcare Partners Provident Healthcare Partners

Q1 2024 Revenue Cycle Management Update

Provident Healthcare Partners
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Q1 2024 Revenue Cycle Management Update

RCM investors and strategic consolidators have been busy this quarter, as the sector remains one of the hottest opportunities. Two new platforms were formed, and five strategic companies were acquired.

Economic headwinds are forcing provider organizations to grow revenue as labor expenses remain high and patient volumes stabilize, forcing providers to work with outsourced RCM vendors who can provide a quantifiable ROI. Increased demand from providers paired with continued technology development makes the RCM sector attractive to PE investors, highlighted by the two platforms formed as well as New Mountain Capital’s offer to take R1 RCM private, a deal just under $5.8B representing a 24% premium over that Friday’s closing price despite underwhelming growth. A buyout of R1 RCM would certainly change the M&A landscape and open the possibility of additional transactions.

To print and download the full Revenue Cycle Management Update report, please click below…

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