Jon Hook, CFA, Senior Analyst at Voss Capital, joins the podcast to discuss his thesis on R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers.
For more information about Voss Capital, please visit: https://www.vosscap.com/
Chapters:
[0:00] Introduction + Episode sponsor: Alphasense
[1:30] What is $RCM and why are they interesting to Jon Hook
[3:47] Why tax is 4-6% (vs. 2% or 20%)
[6:20] Jon Hook's background
[8:50] $RCM elevator pitch
[15:43] $RCM going concerns: addressing short reports, challenging 2022, management change
[22:36] Sutter roll-out
[27:37] Network effects / competitive landscape
[32:32] Addressing add-backs, adjusted EBITDA
[37:10] Addressing stickiness of the business
[40:53] Providence acquisition and capital allocation strategy
[48:22] Final thoughts on $RCM short report
[52:11] Coder shortage
[54:31] Optum ($RCM largest competitor)
[58:33] $RCM final thoughts
Today's episode is sponsored by: Alphasense
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