Beyond the Tech Giants: 35 Non-Tech AI Opportunities

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15. R1 RCM Inc. (NASDAQ:RCM)

Number of Hedge Fund Holders: 42     

R1 RCM Inc. (NASDAQ:RCM) provides technology-driven solutions that transform the patient experience and financial performance of hospitals, health systems, and medical groups. The firm purchased Cloudmed in 2022 and is likely to leverage the technological focus and access to data of the latter to advance an AI program that aims to automate processes to drive further efficiency of economics to be shared with customers. Recent news in this regard is positive. The company has partnered with tech giant Microsoft to improve billing coding productivity. 95 out of 100 top hospitals in the US are customers of Cloudmed,

R1 RCM  Inc. (NASDAQ:RCM) purchased Cloudmed in a deal worth $4 billion. With the integration of Cloudmed, R1 can use artificial intelligence and automation to analyze large volumes of medical records, payment data and complex medical insurance models to identify opportunities to deliver additional revenue for healthcare providers. Cloudmed partners with more than 3,100 healthcare providers and helped recover more than $1.5 billion of underpaid or unidentified revenue for clients annually.

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