Document:

EX-10.1

 Exhibit 10.1 

R1 RCM INC. 
 November 7, 2022 

Mr. Joseph Flanagan 
 Re: Offer Letter 

Dear Joe: 
 Reference is made to the offer letter, dated
March 23, 2021 (as amended as of April 27, 2013, April 29, 2014, and March 6, 2019, the “Offer Letter”) between you and R1 RCM Inc. (previously known as Accretive Health, Inc.), a Delaware corporation (the
“Company”). The Offer Letter will remain effective until December 31, 2022. This letter agreement (this “Agreement”), which will become effective January 1, 2023, amends, restates and supersedes the Offer
Letter in its entirety, and sets forth all of the terms and conditions of your employment with the Company beginning January 1, 2023. 
  

	1.	 At-Will Employment. Your employment with the Company under this
Agreement will begin January 1, 2023 and terminate on June 30, 2023, or such other date as mutually agreed upon by the parties (the “Employment Term”). Your employment with the Company will be “at-will,” and will be terminable by you or the Company at any time and for any reason (or no reason), subject to the terms and conditions hereof. 

 

	2.	 Title and Reporting. During the term of your employment with the Company, you will (i) serve
as Executive Advisor to the Chief Executive Officer (the “CEO”), (ii) report directly to the Board of Directors of the Company (the “Board”), and (iii) continue to serve as a member of the Board.

  

	3.	 Duties and Responsibilities. You will have the duties and responsibilities that are normally associated
with the positions described above and such executive responsibilities as may be prescribed by the CEO and Board from time to time and that are consistent with the position of Executive Advisor to the CEO. During your period of employment, you will
make yourself reasonably available to the CEO and Board and to provide full-time services to the Company; provided that the foregoing will not prevent you from (i) participating in charitable, civic, educational, professional, community
or industry affairs, and (ii) managing your passive personal investments, in each case, so long as such activities, individually or in the aggregate, do not materially interfere with your duties hereunder or create a potential business or
fiduciary conflict. 

  

	4.	 Base Salary. You will receive a base salary of $200,000 per quarter which will be paid in equal
installments in accordance with the Company’s normal payroll practices as in effect from time to time. The base salary as determined herein from time to time will constitute “Base Salary” for purposes of this Agreement. For the
avoidance of doubt, you will not receive any additional compensation for your service on the Board. 

  

	5.	 Annual Bonus. You will be eligible to receive an annual cash incentive award in respect of the 2022
calendar year based on the achievement of Company financial performance and performance goals established by the Board (or its Human Capital Committee), so long as you remain employed by the Company through the date such bonuses are paid. You
acknowledge and agree that you will not be eligible for any bonus with respect to the 2023 calendar year. 

  

	6.	 Equity Awards. The performance-based restricted stock units (the “PBRSUs”) granted
to you on May 1, 2021 and June 21, 2022 are subject to and governed by the terms and conditions of (i) the Company’s Third Amended and Restated 2010 Stock Incentive Plan, as amended from time to time and (ii) the respective
award agreements evidencing such awards. In the event you remain employed in good standing (as determined by the Board) throughout the Employment Term and do not voluntarily terminate your employment pursuant to Section 9(a), subject to your
signing a general release of claims in favor of the Company in a form reasonably satisfactory to the Company, the Time-Based Condition (as such term is defined in the relevant award agreement) of such awards shall be deemed satisfied for a pro-rata amount of the Granted PBRSUs (the “Pro-Rata Shares”), with such amount to be determined by multiplying the Granted PBRSUs (as such term is defined in
the relevant award agreement) by a fraction, the numerator of which is the number of days from the Grant Date (as such term is defined in the relevant award agreement) through and including the effective date of termination, and the denominator of
which is the number of days from the Grant Date through and including the Performance Measurement Date (as such term is defined in the relevant award agreement). The number of Granted PBRSUs that subsequently become vested on the Performance
Measurement Date shall equal the product of (i) the Pro-Rata Shares and (ii) the percentage level at which the Performance-Based Condition (as such term is defined in the relevant award agreement)
has been satisfied. You acknowledge and agree that you will not be granted equity awards with respect to your employment on or after January 1, 2023. 

  

	7.	 Employee Benefits. You will be entitled to participate in the employee and fringe benefit plans
and programs (including, without limitation, health, retirement and vacation programs) of the Company in effect during your employment that are generally available to the senior management of the Company, subject to and on a basis consistent with
the terms, conditions and overall administration of such plans and programs. 

  

	8.	 Restrictions on Transfer of PBRSU Shares. Capitalized terms used in this Section 8 but not
otherwise defined in this Agreement have the meanings ascribed to such terms in that certain Amended and Restated Grant of Performance Based Awards, dated as of December 20, 2017 (the “2017 PBRSU Agreement”). Any and all PBRSU
Shares ceased to be subject to the PBRSU Shares Transfer Restrictions effective as of January 15, 2022. Except as expressly set forth in this Section 8, the terms and conditions of the 2017 PBRSU Agreement shall remain in full force and
effect. 

  
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	9.	 Termination. 

  

	 	(a)	 Your employment with the Company and its subsidiaries will terminate (i) upon your thirty
(30) days’ prior written notice to the Company of your voluntary termination of employment (which the Company may, in its sole discretion, make effective earlier than any notice date), (ii) immediately upon your death or upon written
notice by the Company to you of a termination of employment for Cause or without Cause (other than for death or “Disability” (as defined in Section 9(b)(ii) hereof)), or (iii) upon ten (10) days’ prior written notice by
the Company to you of your termination of employment due to Disability. You acknowledge and agree that none of the changes contemplated in this Agreement gives rise to “Good Reason,” as defined under any agreement between you and the
Company. 

  

	 	(b)	 For purposes of this Agreement: 

 

	 	(i)	 “Cause” means: (A) your conviction of, or plea of guilty or nolo contendere to, a felony;
(B) in carrying out your duties hereunder, your engaging in conduct that constitutes gross neglect or willful misconduct and that, in either case, results in material economic or reputational harm to the Company; (C) your willful breach of
any provision of this Agreement or any applicable non-disclosure, non-competition, non-solicitation or other similar restrictive
covenant obligation owed to the Company, and such breach results in material economic or reputational harm to the Company; (D) your repeated refusal, or failure to undertake good faith efforts, to perform your material duties and
responsibilities hereunder for the Company; or (E) your engaging in willful misconduct resulting in or intended to result in direct personal gain to you at the Company’s expense. 

 

	 	(ii)	 “Disability” means you have been unable, with or without reasonable accommodation and due to
physical or mental incapacity, to substantially perform your duties and responsibilities hereunder for a period of one hundred eighty (180) days in any three hundred, sixty-five (365)-day period.

  

	10.	 Payments Upon Termination. In the event of your termination of employment from the Company for any
reason on or after January 1, 2023, you acknowledge and agree that you will not be entitled to severance payments or benefits. Following any such termination, you will be entitled to receive (i) any unpaid Base Salary through the date of
termination, (ii) reimbursement in accordance with applicable Company policy for any unreimbursed business expenses incurred through the date of termination, (iii) any accrued but unused vacation time in accordance with Company policy, and
(iv) all other payments, benefits or fringe benefits to which you are entitled under the terms of any applicable compensation or equity arrangement or employee benefit plan or program of the Company. 

 

	11.	 Proprietary Interests Protection Agreement. As a condition to your continued employment, you
acknowledge and agree that you remain subject to, and bound by, the Proprietary Interests Protection Agreement, as amended and attached hereto as Exhibit A. 

  
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	12.	 No Assignments. This Agreement is personal to each of the parties hereto. Except as provided
herein, no party may assign or delegate any right or obligation hereunder without first obtaining the written consent of the other party hereto. The Company may assign this Agreement to any successor to all or substantially all of the business
and/or assets of the Company, provided that the Company will require such successor to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such
succession had taken place. As used in this Agreement, “Company” means the Company and any successor to its business and/or assets, which assumes and agrees to perform the duties and obligations of the Company under this Agreement
by operation of law or otherwise. 

  

	13.	 Professional Fees. Upon presentation of documentation in a form acceptable to the Company, the Company
will pay or reimburse you for reasonable counsel fees incurred in connection with the negotiation and documentation of this Agreement. 

  

	14.	 Withholding Taxes. The Company may withhold from any and all amounts payable to you hereunder
such federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation. 

  

	15.	 Governing Law. The terms of this Agreement and your employment with the Company will be governed
by the laws of the State of Illinois, without giving effect to the conflicts of laws principles thereof. 

  

	16.	 Indemnification and Liability Insurance. The Company will continue to provide you with
indemnification protection and directors’ and officers’ liability insurance coverage to the same extent as the Company covers its other officers and directors. These obligations will survive the termination of your employment with the
Company. In addition to the foregoing, you will continue to be covered by the Company’s standard form of indemnification agreement on the same basis as all other current officers and directors of the Company. 

 

	17.	 Section 409A Compliance. 

 

	 	(a)	 The intent of the parties is that payments and benefits under this Agreement comply with, or be exempt from,
Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement will be
interpreted to be in compliance therewith. To the extent that any provision hereof is modified in order to comply with Code Section 409A, such modification will be made in good faith and will, to the maximum extent reasonably possible, maintain
the original intent and economic benefit to you and the Company of the applicable provision without violating the provisions of Code Section 409A. In no event whatsoever will the Company be liable for any additional tax, interest or penalty
that may be imposed on you by Code Section 409A or for damages for failing to comply with Code Section 409A. 

  
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	 	(b)	 A termination of employment will not be deemed to have occurred for purposes of any provision of this Agreement
providing for the payment of any amount or benefit that is considered “nonqualified deferred compensation” under Code Section 409A upon or following a termination of employment unless such termination is also a “separation from
service” within the meaning of Code Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms will mean “separation from
service.” If you are deemed on the date of termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B), then with regard to any payment or the provision of any benefit that is
considered “nonqualified deferred compensation” under Code Section 409A payable on account of a “separation from service,” such payment or benefit will be made or provided at the date which is the earlier of (A) the
expiration of the six (6)-month period measured from the date of your “separation from service,” and (B) the date of your death, to the extent required under Code Section 409A. Upon the expiration of the foregoing delay period,
all payments and benefits delayed pursuant to this section will be paid or reimbursed to you in a lump sum and all remaining payments and benefits due under this Agreement (if any) will be paid or provided in accordance with the normal payment dates
specified for them herein. 

  

	 	(c)	 With regard to any provision herein that provides for reimbursement of costs and expenses or in-kind benefits, except as permitted by Code Section 409A, (i) the right to reimbursement or in-kind benefits will not be subject to liquidation or exchange for
another benefit, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits, provided during any taxable year will not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year, and (iii) such payments will be made on or before the last day of your taxable year following the taxable year in which the expense occurred.

  

	 	(d)	 For purposes of Code Section 409A, your right to receive any installment payments pursuant to this
Agreement will be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period
will be within the sole discretion of the Company. 

  

	 	(e)	 Notwithstanding any other provision of this Agreement to the contrary, in no event will any payment that
constitutes “nonqualified deferred compensation” for purposes of Code Section 409A be subject to offset by any other amount unless otherwise permitted by Code Section 409A. 

  
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	18.	 Entire Agreement; Amendment. This Agreement (including the Proprietary Interests Protection
Agreement attached hereto as Exhibit A), the indemnification agreement between you and the Company and the equity award agreements entered into by and between you and the Company constitute the entire agreement between you and the Company with
respect to the subject matter hereof and supersede any and all prior agreements or understandings between you and the Company with respect to the subject matter hereof, whether written or oral, including, but not limited to, the Offer Letter,
provided, however, that the provisions of this Agreement and the exhibit hereto are in addition to and complement (and do not supersede) any other written agreement(s) or parts thereof between you and the Company or any of its affiliates that create
restrictions on you with respect to confidentiality, non-disclosure, non-competition, non-solicitation or non-disparagement. This Agreement may be amended or modified only by a written instrument executed by you and the Company. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
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 This Agreement is intended to be a binding obligation on you and the Company regarding your employment with
the Company. If this Agreement accurately reflects your understanding as to the terms and conditions of your employment with the Company, please sign and date one copy of this Agreement and return the same to us for the Company’s records. You
should make a copy of the executed Agreement for your records. 
  

	
	Very truly yours,
	
	/s/ Kate Sanderson
	 Kate Sanderson
 EVP, Chief Human Resources
Officer

 The above terms and conditions accurately reflect our understanding regarding the terms and conditions of my employment with
the Company, and I hereby confirm my agreement to the same. 
  

					
	Dated: November 7, 2022	  	 /s/ Joseph Flanagan

	  	
		  	Joseph Flanagan	  	

 Signature Page - Joseph Flanagan Amended and Restated Offer Letter Agreement 

 EXHIBIT A 

PROPRIETARY INTERESTS PROTECTION AGREEMENT 

R1 RCM Inc. 

Proprietary Interests Protection Agreement 

This Proprietary Interests Protection Agreement (this “Agreement”) is made and entered into by and between R1 RCM Inc. (the
“Company”) and the undersigned employee (“Employee”). 
 In addition to other good and valuable
consideration, Employee is expressly being given employment or continued employment with the Company including certain monies, benefits, training and/or trade secrets and other confidential information of the Company and its customers, suppliers,
vendors or affiliates to which Employee would not have access but for Employee’s relationship with the Company in exchange for Employee agreeing to the terms of this Agreement. In consideration of the foregoing, Employee agrees as follows: 

 

	1.	 Definitions. 

  

	 	(a)	 The Company. For purposes of this Agreement, the “Company” shall mean R1 RCM Inc. and its
affiliates, partners, joint ventures, predecessors and subsidiary entities, as well as its successors and assigns. 

  

	 	(b)	 The Company’s Business. For purposes of this Agreement, the “Company’s Business”
shall mean the development, marketing, sale and implementation of, among other things, revenue cycle management services and solutions, physician advisory services, and quality and cost products and services. 

 

	 	(c)	 Confidential Information. For purposes of this Agreement, “Confidential Information” as used
in this Agreement shall include the Company’s trade secrets as defined under Illinois law, as well as any other information or material which is not generally known to the public, and which: 

 

	 	(i)	 is generated, collected by or utilized in the operations of the Company’s business and relates to the
actual or anticipated business, research or development of the Company; or 

  

	 	(ii)	 is suggested by or results from any task assigned to Employee by the Company or work performed by Employee for
or on behalf of the Company. 

 Confidential Information shall not be considered generally known to the public if Employee
or others improperly reveal such information to the public without the Company’s express written consent and/or in violation of an obligation of confidentiality to the Company. Examples of Confidential Information include, but are not limited
to, all customer, client, supplier and vendor lists, budget information, contents of any database, contracts, product designs, technical know-how, engineering data, pricing and cost information, performance
standards, 

 
productivity standards, research and development work, software, business plans, proprietary data, projections, market research, perceptual studies, strategic plans, marketing information,
financial information (including financial statements), sales information, training manuals, employee lists and compensation of employees, and all other competitively sensitive information with respect to the Company, whether or not it is in
tangible form, and including without limitation any of the foregoing contained or described on paper or in computer software or other storage devices, as the same may exist from time to time. 

 

	 	(d)	 Restricted Area. For purposes of this Agreement, “Restricted Area” shall mean the United
States of America. 

  

	 	(e)	 Inventions. For purposes of this Agreement, “Inventions” shall mean all software programs,
source or object code, improvements, formulas, developments, ideas, processes, techniques, know-how, data, and discoveries, whether patentable or unpatentable, conceived or reduced to practice by Employee
while in the Company’s employ, either solely or jointly with others, and whether or not during regular working hours, and conceived or reduced to practice by Employee within one year of the termination of Employee’s employment with the
Company that resulted from Employee’s prior work with the Company. 

  

	 	(f)	 Company Inventions. For purposes of this Agreement, “Company Inventions” shall mean any
Invention that either: 

  

	 	(i)	 relates, at least in part, at the time of conception or reduction to practice of the Invention, to:

  

	 	(A)	 the Company’s Business, projects or products, or to the manufacture or utilization thereof; or

  

	 	(B)	 the Company’s actual or demonstrably anticipated research or development; or 

 

	 	(ii)	 results, at least in part, from any work performed directly or indirectly by Employee for the Company; or

  

	 	(iii)	 results, at least in part, from the use of the Company’s time, materials, facilities or trade secret
information. 

  

	2.	 Non-Solicitation. During the time in which Employee
performs services for the Company and for a period of eighteen (18) months after the termination of Employee’s employment with the Company, regardless of the reason, Employee shall not, directly or indirectly, either alone or in
conjunction with any person, firm, association, company or corporation: 

	 	(a)	 Hire, recruit, solicit or otherwise attempt to employ or retain or enter into any business relationship with,
any person who is or was an employee of the Company within the twelve (12) month period immediately preceding the termination of Employee’s employment; or Solicit the sale of any products or services that are similar to or competitive with
products or services offered by, manufactured by, designed by, or distributed by Company, to any person, company or entity which was a customer or potential customer of Company for such products or services and with whom Employee had direct contact
or about whom Employee learned Confidential Information at any time during the last twelve (12) months of his employment with Company. 

  

	3.	 Non-Disclosure. 

 

	 	(a)	 Employee will not, without the Company’s prior written permission, directly or indirectly, utilize for any
purpose other than for a legitimate business purpose solely on behalf of the Company, or directly or indirectly, disclose to anyone outside of the Company, either during or after Employee’s employment or relationship with the Company ends, the
Company’s Confidential Information, as long as such matters remain Confidential Information. 

  

	 	(b)	 This Agreement shall not prevent Employee from revealing evidence of criminal wrongdoing to law enforcement or
prohibit Employee from divulging the Company’s Confidential Information by order of a court or agency of competent jurisdiction. However, Employee shall promptly inform the Company of any such situations and shall take such reasonable steps to
prevent disclosure of the Company’s Confidential Information until the Company has been informed of such requested disclosure and the Company has had an opportunity to respond to the court or agency. 

 

	 	(c)	 Federal law provides certain protections to individuals who disclose a trade secret to their attorney, a court,
or a government official in certain confidential circumstances. Specifically, federal law provides that an individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret
under either of the following conditions: (A) where the disclosure is made (x) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (y) solely for the purpose of
reporting or investigating a suspected violation of law; or (B) where the disclosure is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. See 18 U.S.C. § 1833(b)(1). Federal
law also provides that an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court
proceeding, if the individual (I) files any document containing the trade secret under seal and (II) does not disclose the trade secret, except pursuant to court order. See 18 U.S.C. § 1833(b)(2). Nothing in this Agreement is intended
to preclude or limit such federal laws. 

	4.	 Return of Company Property. Employee agrees that, in the event that Employee’s employment
with the Company is terminated for any reason, Employee shall immediately return all of the Company’s property, including without limitation, (i) tools, pagers, computers, printers, key cards, documents or other tangible property of the
Company, and (ii) the Company’s Confidential Information in any media, including paper or electronic form, and Employee shall not retain in Employee’s possession any copies of such information. 

 

	5.	 Ownership of Inventions. 

 

	 	(a)	 Employee shall disclose all Inventions promptly and fully to the Company. 

 

	 	(b)	 Except as excluded in Section 5(e) below, Employee hereby agrees to and hereby grants and assigns to the
Company all of Employee’s right, title and interest in and to all Company Inventions and agrees that all such Company Inventions shall be the Company’s sole and exclusive property to the maximum extent permitted by law.

  

	 	(c)	 Employee shall at the request of the Company (but without additional compensation from the Company): (i)
execute any and all papers and perform all lawful acts that the Company deems necessary for the preparation, filing, prosecution, and maintenance of applications for United States patents or copyrights and foreign patents or copyrights on any
Company Inventions, (ii) execute such instruments as are necessary to assign to the Company or to the Company’s nominee, all of Employee’s right, title and interest in any Company Inventions so as to establish or perfect in the
Company or in the Company’s nominee, the entire right, title and interest in such Company Inventions, and (iii) execute any instruments necessary or that the Company may deem desirable in connection with any continuation, renewal or
reissue of any patents in any Company Inventions, renewal of any copyright registrations for any Company Inventions, or in the conduct of any proceedings or litigation relating to any Company Inventions. All expenses incurred by the Employee by
reason of the performance of any of the obligations set forth in this Section 5(c) shall be borne by the Company. 

  

	 	(d)	 Concurrent with Employee’s execution of this Agreement, Employee attaches a list and brief description of
all unpatented inventions and discoveries, if any, made or conceived by Employee prior to Employee’s employment with the Company and that are to be excluded from this Agreement. If no such list is attached at the time of execution of this
Agreement, it shall be conclusively presumed that Employee has waived any right he may have to any such invention or discovery which relates to the Company’s business. 

	 	(e)	 Provisions (a) through (d) of this Section 5 regarding assignment of right, title and interest do not
apply to Inventions for which no equipment, supplies, facility or trade secret information of the Company was used and which was developed entirely on Employee’s own time, unless (i) the Inventions relate either to the business of the
Company, or to the Company’s actual or demonstrably anticipated research or development, or (ii) the Inventions result from any work directly or indirectly performed by the Employee for the Company. 

 

	6.	 Non-Competition. 

 

	 	(a)	 During the time in which Employee performs services for the Company and for a period of twelve (12) months
after the termination of Employee’s employment with the Company, regardless of the reason, Employee shall not, directly or indirectly, either alone or in conjunction with any person, firm, association, company or corporation, within the
Restricted Area: 

  

	 	(i)	 own, manage, operate, or participate in the ownership, management, operation, or control of, or be employed by,
any entity which is in competition with the Company’s Business in which the Employee would hold a position with responsibilities that are entirely or substantially similar to any position the Employee held during the last twelve
(12) months of the Employee’s employment with the Company or in which the Employee would have responsibility for or access to confidential information that is similar to or relevant to that Confidential Information which the Employee had
access to during the last twelve (12) months of the Employee’s employment with the Company; or 

  

	 	(ii)	 provide services to any person or entity that engages in any business that is similar to, or competitive with
the Company’s business if doing so would require Employee to use or disclose the Company’s Confidential Information. 

  

	 	(b)	 Notwithstanding anything to the contrary, nothing in this Section 6 prohibits Employee from being a
passive owner of not more than one percent (1%) of the outstanding stock of any class of a corporation which is publicly traded, so long as Employee has no active participation in the business of such corporation. 

Employee acknowledges and agrees that the restrictions contained in this Agreement with respect to time, geographical area and
scope of activity are reasonable and do not impose a greater restraint than is necessary to protect the goodwill and other legitimate business interests of the Company and that the Employee has had the opportunity to review the provisions of this
Agreement with his legal counsel. In particular, the Employee agrees and acknowledges that the Company is currently engaging in business and actively marketing its services and products throughout the United States, that Employee’s duties and
responsibilities for the Company are co-extensive with the entire scope of the Company’s business, that the Company has spent significant time and effort developing and protecting the confidentiality of
their methods of doing business, technology, customer lists, long term customer relationships and trade secrets and that such methods, technology, customer lists, customer relationships and trade secrets have significant value. 

 By continuing employment with the Company, Employee understands and agrees that:
(a) Employee will not bring any confidential information of any former employer, nor any proprietary work product created as part of Employee’s duties with Employee’s former employer; and (b) Employee will not use or disclose any
former employer’s confidential information or proprietary work product in the performance of Employee’s duties with the Company. Further, Employee represents that Employee is not subject to any contract that would prohibit Employee from
performing Employee’s duties for the Company. 
  

	7.	 Remedies. Employee acknowledges that the compliance with the terms of this Agreement is necessary
to protect the Confidential Information, customer relationships and goodwill of the Company and that any breach by Employee of this Agreement will cause continuing and irreparable injury to the Company for which money damages would not be an
adequate remedy. Employee acknowledges that affiliates are and are intended to be third party beneficiaries of this Agreement. Employee acknowledges that the Company and any affiliate shall, in addition to any other rights or remedies they may have,
be entitled to injunctive relief for any breach by Employee of any part of this Agreement. This Agreement shall not in any way limit the remedies in law or equity otherwise available to the Company and its affiliates. 

 

	8.	 Severability; Modification. It is expressly agreed by Employee that: 

 

	 	(a)	 Modification. If, at the time of enforcement of this Agreement, a court holds that the duration,
geographical area or scope of activity restrictions stated herein are unreasonable under circumstances then existing or impose a greater restraint than is necessary to protect the goodwill and other business interests of the Company, Employee agrees
that the maximum duration, scope or area reasonable under such circumstances will be substituted for the stated duration, scope or area and that the court will be allowed to revise the restrictions contained herein to cover the maximum duration,
scope and area permitted by law, in all cases giving effect to the intent of the parties that the restrictions contained herein be given effect to the broadest extent possible. 

 

	 	(b)	 Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as
to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under applicable law, such invalidity, illegality or unenforceability will not affect any other
provision, but this Agreement will be reformed, construed and enforced as if such invalid, illegal or unenforceable provision had never been contained herein. 

	9.	 Non-Disparagement. Subject to Section 3(c), Employee
understands and agrees that Employee will not disparage the Company, its officers, directors, administrators, representatives, employees, contractors, consultants or customers and will not engage in any communications or other conduct which might
interfere with the relationship between the Company and its current, former, or prospective employees, contractors, consultants, customers, suppliers, regulatory entities, and/or any other persons or entities. 

 

	10.	 Applicable Law. This Agreement shall be construed, interpreted, and enforced, and its validity
and enforceability determined, strictly in accordance with the laws of the State of Delaware without applying its conflicts of laws principles. 

  

	11.	 Exclusive Jurisdiction/Venue. The parties agree that all litigation arising out of or relating to
Sections 2 (Non-Solicitation), 3 (Confidential Information), and 6 (Non-Competition) of this Agreement must be brought in Cook County, Illinois or the federal court of
competent jurisdiction sitting in Cook County, Illinois, and each party shall submit to and accept the exclusive jurisdiction of such court for the purpose of such suit, legal action or proceeding. All other disputes, controversies or questions
arising under, out of, or relating to this Agreement or the breach thereof, other than those disputes relating to alleged violations of Sections 2 (Non-Solicitation), 3 (Confidential Information), and 6 (Non-Competition) of this Agreement, shall be conclusively settled by arbitration to be held in Chicago, Illinois, in accordance with the American Arbitration Association’s Commercial Arbitration Rules and
Mediation Procedures (the “Rules”). 

 Arbitration shall be the parties’ exclusive remedy for any
such controversies, claims or breaches. The parties also consent to personal jurisdiction in Chicago, Illinois with respect to such arbitration. The award resulting from such arbitration shall be final and binding upon both parties. The
arbitrator shall be selected by agreement between the parties, but if they do not agree on the selection of an arbitrator within thirty (30) days after the date of the request for arbitration, the arbitrator shall be selected pursuant to the
Rules. With respect to any claim brought to arbitration hereunder, both the Company and Employee shall be entitled to recover whatever damages would otherwise be available in any legal proceeding based upon the federal and/or state law applicable to
the claim. The decision of the arbitrator may be entered and enforced in any court of competent jurisdiction by either the Company or Employee. Each party shall pay the fees of their respective attorneys (except as otherwise awarded by the
arbitrator), the expenses of their witnesses and any other expenses connected with representing their cases. Other costs, including the fees of the mediator, the arbitrator, the cost of any record or transcript of the arbitration, and administrative
fees, shall be borne equally by the parties, one-half by Employee, on the one hand, and one-half by the Company, on the other hand. 

 

	12.	 Assignability. The rights herein may be assigned by the Company and shall bind and inure to the
benefit of the Company’s successors, assigns, heirs and representatives. If the Company makes any assignment of the rights herein, Employee agrees that this Agreement shall remain binding upon Employee in any event. 

 

	13.	 Acceptance. The parties agree that this Agreement is accepted electronically.

  

 I hereby acknowledge that I have reviewed the Agreement and agree to comply with the terms
and conditions set forth herein. 
  

	
	EMPLOYEE ACCEPTANCE
	
	 /s/ Joseph Flanagan

	    Joseph FlanaganEX-10.2

 Exhibit 10.2 
  

 
 R1 RCM Inc. 

November 7, 2022 
 Lee Rivas 

[*****] 
 Re: Employment Terms 

Dear Lee, 
 On behalf of R1 RCM Inc. (“R1” or the
“Company”), I am delighted to confirm that, effective January 1, 2023, you will be appointed as Chief Executive Officer of R1 and a member of the Board of Directors of the Company (the “Board”) and will report
directly to the Board. The terms and conditions of your employment with R1 are set forth in further detail below and Exhibit A (collectively, with all other Exhibits hereto, this “Agreement”). Effective January 1, 2023, this
Agreement will supersede any and all prior employment agreements or offer letters with R1 and/or its parent, subsidiaries, or predecessors, including, but not limited to, the agreement dated June 21, 2022. 

Salary and Annual Bonus 
 Your starting salary
(“Base Salary”) will be $900,000 per year, paid semi-monthly. You will continue to be eligible to participate in the R1 annual cash incentive bonus plan (“Annual Bonus Plan”) with an annual bonus target equal to
120% of your Base Salary. The bonus is discretionary and will be earned each calendar year based upon achievement of corporate and individual performance objectives established for that calendar year. 

Equity Grants 
 Upon approval by the Human Capital
Committee of the R1 Board of Directors, you will receive a PBRSU award based on a value of $6,120,000 (using R1’s share price on the date of the grant) to be granted subject to the terms and conditions of a PBRSU award agreement, issued
pursuant to the R1 Third Amended and Restated 2010 Stock Incentive Plan. 
 In addition, you will continue to be eligible to participate in the long-term
incentive (“LTI”) program along with other R1 executives. Awards under the LTI program are at the discretion of the Human Capital Committee. Beginning in 2023, based on the current program, the target value of annual equity awards will be
680% of your Base Salary. 
 Health & Welfare Benefits 

You will continue to be eligible to participate in R1’s benefit programs on the same terms and conditions as similarly situated executives, including
R1’s Executive Health program. 
 Additional Employment Terms 

Attached as Exhibit A are additional terms of your employment. 

 Lee, we truly believe that we are building the best team in the industry and are very pleased that you will
be joining us at R1. To accept these terms, please sign below and return an executed copy to me. 
 Sincerely, 

 

	
	 /s/ Kate Sanderson

	Kate Sanderson
	Executive Vice President, Chief HR Officer

  

	
	Agreed and Accepted:
	
	 /s/ Lee Rivas

	Lee Rivas
	
	Date: November 7, 2022

  
 2 

 Exhibit A 

Employment Terms 
  

	1.	 Your employment with R1 RCM Inc. (“R1” or “Company”) is “at will,” meaning it is
terminable at any time by either you or R1, subject to the provisions of this Agreement. 

  

	2.	 Your employment with R1, as well as your role as an officer or director of R1 or any subsidiary, will
terminate: 

  

	 	a.	 upon at least thirty days’ prior written notice to R1 of your voluntary termination of employment, with or
without Good Reason (which R1 may, in its sole discretion, make effective earlier than any notice date); 

  

	 	b.	 as specified in a written notice by R1 to you of a termination of employment for Cause or without Cause (other
than for Disability); 

  

	 	c.	 immediately upon your death; or 

 

	 	d.	 upon at least ten days’ prior written notice by R1 to you of your termination of employment due to
Disability. 

  

	3.	 Severance. 

  

	 	a.	 In the event of your termination of employment from R1 by reason of your death, Disability, or by R1 for Cause,
you will be entitled to receive: 

  

	 	i.	 any unpaid Base Salary through the date of termination; 

 

	 	ii.	 except in the case of your termination by R1 for Cause, any annual bonus earned but unpaid with respect to the
fiscal year ending on or preceding the date of termination, payable at the same time as it would have been paid had you not undergone a termination of employment; 

 

	 	iii.	 reimbursement in accordance with applicable Company policy for any unreimbursed business expenses incurred
through the date of termination; 

  

	 	iv.	 any accrued but unused vacation time in accordance with Company policy; and 

 

	 	v.	 all other payments, benefits or fringe benefits to which you are entitled under the terms of any applicable
compensation or equity arrangement or employee benefit plan or program of R1 (collectively, the foregoing payment and benefits described in clauses (i)-(v) will be hereafter referred to as the “Accrued Benefits”). 

  
 3 

	 	b.	 In the event of your termination of employment from R1 by R1 without Cause, or by you for Good Reason, R1 shall
pay or provide you with the following severance benefits in addition to the Accrued Benefits: 

  

	 	i.	 subject to your continued compliance with all of your post-termination obligations to R1, an amount equal 2.00
times the sum of your (A) Base Salary and (B) Annual Bonus Plan target, which sum shall be paid bi-monthly in substantially equal installments for a period of twenty four (24) months following
such termination; provided, however, that in the event of your termination of employment from the Company by you for Good Reason or by the Company without Cause, in each case, within twenty four (24) months following a Change of
Control (as defined below), then such payment shall be made by the Company in a lump sum within sixty (60) days following your termination 

  

	 	ii.	 subject to (A) your timely election of continuation coverage under the Consolidated Omnibus Budget
Reconciliation Act of 1985, as amended (“COBRA”), (B) your continued copayment of premiums at the same level and cost to you as if you were an employee of R1 (excluding, for purposes of calculating cost, an employee’s ability to pay
premiums with pre-tax dollars), and (C) your continued compliance with all of your post-termination obligations to R1, continued participation in R1’s group health plan (to the extent permitted under
applicable law and the terms of such plan) which covers you (and your eligible dependents) for a period of eighteen months following such termination at R1’s expense; provided that you are eligible and remain eligible for COBRA coverage;
and provided, further, that in the event that you obtain other employment that offers group health benefits, such continuation of coverage by R1 will immediately cease. Notwithstanding the foregoing, R1 will not be obligated to provide the foregoing
continuation coverage if it would result in the imposition of excise taxes on R1 for failure to comply with the nondiscrimination requirements of the Patient Protection and Affordable Care Act of 2010, as amended, and the Health Care and Education
Reconciliation Act of 2010, as amended (to the extent applicable); and 

  

	 	iii.	 A prorated annual bonus for the calendar year in which your termination occurs, with the amount of such bonus
based on the greater of (A) target performance and (B) actual performance results under the Annual Bonus Plan for such year and with the pro-ration determined by multiplying the amount of the annual
bonus by a fraction, the numerator of which is the number of days during the year of termination that you were employed by the Company and the denominator of which is three hundred sixty-five (365), payable at the same time bonuses for the relevant
year are paid to other senior executives of the Company but in no event later than March 15 of the calendar year following the calendar year in which the termination of your employment occurs. 

 

	 	c.	 Payment of all amounts described in part (b) above, excluding the Accrued Benefits (the “Severance
Payments”) will only be payable if you deliver to R1 and do not revoke a general release of claims in favor of R1 and its affiliates in a form reasonably satisfactory to R1. Such release must be executed and delivered (and no longer subject to
revocation, if applicable) within sixty days following termination. To the extent that payment of any amount of the Severance Payments constitutes “nonqualified deferred compensation” for purposes of “Code Section 409A” (as
defined below), any such payment scheduled to occur during the first sixty days following the termination of employment will not be paid until the sixtieth day following such termination of employment and will include payment of any amount that was
otherwise scheduled to be paid prior thereto. 

  
 4 

	 	d.	 In the event that a Change of Control occurs while you have been in the continuous employment of R1, vesting of
equity awards (or, if applicable, any securities granted or issued to you in respect of such equity award in connection with a Change of Control) shall be governed by the relevant plan document for each such award. 

 

	4.	 For purposes of this Agreement: 

 

	 	a.	 “Cause” means: (i) your conviction for, or plea of guilty or nolo contendere to, a
felony; (ii) your engaging in conduct that constitutes gross neglect or willful misconduct and that, in either case, results in material economic or reputational harm to R1; (iii) your willful breach of any provision of this Agreement or
any applicable non-disclosure, non-competition, non-solicitation or other similar restrictive covenant obligation owed to R1; or
(iv) your repeated refusal, or failure to undertake good faith efforts, to perform your material employment duties and responsibilities for R1, so long as R1 provides written notice of the perceived violations under this subsection
(iv) and you fail to cure within thirty (30) days of such notice. 

  

	 	b.	 “Change of Control” means 

 

	 	i.	 the consummation of any consolidation or merger of R1 where the stockholders of R1, immediately prior to the
consolidation or merger, would not, immediately after the consolidation or merger, beneficially own (as such term is defined in Rule 13d-3 under the Act), directly or indirectly, shares representing in the
aggregate more than fifty percent (50%) of the voting shares of R1 issuing cash or securities in the consolidation or merger (or of its ultimate parent corporation, if any); 

 

	 	ii.	 any sale, lease, exchange or other transfer (in one transaction or a series of transactions contemplated or
arranged by any party as a single plan) of all or substantially all of the assets of R1 to a Third-Party Purchaser; 

  

	 	iii.	 any sale of a majority of the voting shares of R1 to a Third-Party Purchaser; 

 

	 	iv.	 the consummation of a Take Private Change of Control; or 

 

	 	v.	 any liquidation or dissolution of R1. 

Notwithstanding the foregoing, other than with respect to a Take Private Change of Control, a “Change of Control” shall not be
deemed to have occurred if the event constituting such “Change of Control” is not (x) a change in the ownership of the corporation, (y) a change in effective control of the corporation, or (z) a change in the ownership of a
substantial portion of the assets of the corporation, as those terms are used and defined in Section 409A(a)(2)(A)(v) of the Code, and the regulations thereunder, and where the word “corporation” used above and in such provisions is
taken to refer to R1. 

  
 5 

	 	c.	 “Disability” means you have been unable, with or without reasonable accommodation and due to
physical or mental incapacity, to substantially perform your duties and responsibilities hereunder for a period of one hundred eighty days out of any consecutive three hundred sixty-five days. 

 

	 	d.	 “Good Reason” shall mean (i) a material diminution of your position, responsibilities, or
duties; or (ii) a reduction of your Base Salary or Annual Bonus Plan target. In order to terminate your employment for Good Reason, you must submit written notice to R1, describing the specific facts constituting Good Reason, within 60 days
after the occurrence of the actions giving rise to Good Reason. Further, a Good Reason termination will only be effective if the conditions outlined above are not cured by R1 within thirty (30) days following receipt of the detailed written
notice by you to R1. 

  

	 	e.	 “Person” means any individual, entity or group, within the meaning of Section 13(d) or
14(d) of the Exchange Act, but excluding (i) R1 and any of its subsidiaries, (ii) any employee stock ownership or other employee benefit plan maintained by R1, and (iii) an underwriter or underwriting syndicate that has acquired
R1’s securities solely in connection with a public offering thereof. 

  

	 	f.	 “Take Private Change of Control” means the consummation of any transaction or series of
transactions following which no shares of R1 (or of its ultimate parent corporation) are listed on the New York Stock Exchange or the NASDAQ, on any other United States stock exchange, or are otherwise listed on a public trading market (including
the OTC Markets Group, Inc.). 

  

	 	g.	 “Third Party Purchaser” means any Person or group of Persons, none of whom is, immediately
prior to the subject transaction, TowerBrook, Ascension, a TB/AS Co-Investment Vehicle, New Mountain Capital, or any Affiliate thereof. 

 

	5.	 Restrictive Covenants. You, by virtue of your role with R1, have access to, and are involved in the formulation
of, certain confidential and secret information of R1 regarding its operations and you could materially harm the business of R1 by competing with R1 or soliciting employees or customers of R1. 

 

	 	a.	 Non-Solicitation. During the time in which you perform services
for R1 and for a period of eighteen months after you cease to perform services for R1, regardless of the reason, you shall not, directly or indirectly, either alone or in conjunction with any person, firm, association, company or corporation:

  

	 	i.	 Hire, recruit, solicit or otherwise attempt to employ or retain or enter into any business relationship with,
any person who is or was an employee of R1 within the eighteen-month period immediately preceding the cessation of your service with R1; or 

  

	 	ii.	 Solicit the sale of any products or services that are similar to or competitive with products or services
offered by, manufactured by, designed by, or distributed by Company, to any person, company or entity which was or is a customer or potential customer of Company for such products or services. 

  
 6 

	 	b.	 Non-Disclosure. You will not, without R1’s prior written
permission, directly or indirectly, utilize for any purpose other than for a legitimate business purpose solely on behalf of R1, or directly or indirectly, disclose to anyone outside of R1, either during or after your employment with R1 ends,
R1’s Confidential Information, as long as such matters remain Confidential Information. This Agreement shall not prohibit you from (i) revealing evidence of criminal wrongdoing to law enforcement, (ii) disclosing or discussing
concerns regarding regulatory or legal compliance with any governmental agency or entity to the extent that such disclosures or discussions are protected under any whistleblower protection provisions of Federal or state laws or regulations or
(iii) divulging R1’s Confidential Information by order of court or agency of competent jurisdiction. However, you shall promptly inform R1 of any such situations and shall take such reasonable steps to prevent disclosure of R1’s
Confidential Information until R1 has been informed of such requested disclosure and R1 has had an opportunity to respond to the court or agency. 

  

	 	c.	 Return of Company Property. You agree that, in the event that your service to R1 is terminated for any
reason, you shall immediately return all of R1’s property, including without limitation, (i) tools, pagers, computers, printers, key cards, documents or other tangible property of R1, and (ii) R1’s Confidential Information in any
media, including paper or electronic form, and Participant shall not retain in your possession any copies of such information. 

  

	 	d.	 Ownership of Software and Inventions. All discoveries, designs, improvements, ideas, inventions,
software, whether patentable or copyrightable or not, shall be works-made-for-hire and Company shall be deemed the sole owner throughout the universe of any and all
rights of whatsoever nature therein, with the rights to use the same in perpetuity in any manner R1 determines in its sole discretion without any further payment to you whatsoever. If, for any reason, any of such results and proceeds which relate to
the business shall not legally be a work-for-hire and/or there are any rights which do not accrue to R1 under the preceding sentence, then you hereby irrevocably assigns
and agrees to quitclaim any and all of your right, title and interest thereto including, without limitation, any and all copyrights, patents, trade secrets, trademarks and/or other rights of whatsoever nature therein, whether or not now or hereafter
known, existing, contemplated, recognized or developed to R1, and R1 shall have the right to use the same in perpetuity throughout the universe in any manner R1 determines without any further payment to you whatsoever. You shall, from time to time,
as may be reasonably requested by R1, at R1’s expense, do any and all things which R1 may deem useful or desirable to establish or document R1’s exclusive ownership of any and all rights in any such results and proceeds, including, without
limitation, the execution of appropriate copyright and/or patent applications or assignments. To the extent you have any rights in the results and proceeds of your services that cannot be assigned in the manner described above, you unconditionally
and irrevocably waives the enforcement of such rights. Notwithstanding anything to the contrary set forth herein, works developed by you (i) which are developed independently from the work developed for R1 regardless of whether such work was
developed before or after you performed services for R1; or (ii) applications independently developed which are unrelated to the business and which you develop during non-business hours using non-business property shall not be deemed work for hire and shall not be the exclusive property of R1. 

  
 7 

	 	e.	 Non-Competition. 

 

	 	i.	 During the time of your employment for R1 and for a period of twelve months after the termination of
your employment for R1, regardless of the reason, you shall not, directly or indirectly, either alone or in conjunction with any person, firm, association, company or corporation, within the Restricted Area, own, manage, operate, or participate in
the ownership, management, operation, or control of, or be employed by or provide services to, any entity which is in competition with R1. 

  

	 	ii.	 Notwithstanding anything to the contrary, nothing in this Paragraph (d) prohibits you from being a passive
owner of not more than one percent of the outstanding stock of any class of a corporation which is publicly traded, so long as you have no active participation in the business of such corporation. 

 

	 	f.	 Acknowledgments. You acknowledge and agree that the restrictions contained in this Agreement with
respect to time, geographical area and scope of activity are reasonable and do not impose a greater restraint than is necessary to protect the goodwill and other legitimate business interests of R1 and that you have the opportunity to review the
provisions of this Agreement with your legal counsel. In particular, you agree and acknowledge (i) that R1 is currently engaging in business and actively marketing its services and products throughout the United States, (ii) that your
duties and responsibilities for R1 are co-extensive with the entire scope of R1’s business, (iii) that R1 has spent significant time and effort developing and protecting the confidentiality of its
methods of doing business, technology, customer lists, long term customer relationships and trade secrets, and (iv) that such methods, technology, customer lists, customer relationships and trade secrets have significant value.

  

	 	g.	 Enforcement. You agree that the restrictions contained in this Agreement are necessary for the
protection of the business, the Confidential Information, customer relationships and goodwill of R1 and are considered by you to be reasonable for that purpose and that the scope of restricted activities, the geographic scope and the duration of the
restrictions set forth in this Agreement are considered by you to be reasonable. You further agree that any breach of any of the restrictive covenants in this Agreement would cause R1 substantial, continuing and irrevocable harm for which money
damages would be inadequate and therefore, in the event of any such breach or any threatened breach, in addition to such other remedies as may be available, R1 shall be entitled to specific performance and injunctive relief. This Agreement shall not
in any way limit the remedies in law or equity otherwise available to R1 or its Affiliates. You further agree that to the extent any provision or portion of the restrictive covenants of this Agreement shall be held, found or deemed to be
unreasonable, unlawful or unenforceable by a court of competent jurisdiction, then any such provision or portion thereof shall be deemed to be modified to the extent necessary in order that any such provision or portion thereof shall be legally
enforceable to the fullest extent permitted by applicable law. 

  
 8 

	 	h.	 Severability; Modification. It is expressly agreed by you that: 

 

	 	i.	 Modification. If, at the time of enforcement of this Agreement, a court holds that the duration,
geographical area or scope of activity restrictions stated herein are unreasonable under circumstances then existing or impose a greater restraint than is necessary to protect the goodwill and other business interests of R1, you agree that the
maximum duration, scope or area reasonable under such circumstances will be substituted for the stated duration, scope or area and that the court will be allowed to revise the restrictions contained herein to cover the maximum duration, scope and
area permitted by law, in all cases giving effect to the intent of the parties that the restrictions contained herein be given effect to the broadest extent possible; and 

 

	 	ii.	 Severability. Whenever possible, each provision of this Agreement will be interpreted in such manner as
to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under applicable law, such invalidity, illegality or unenforceability will not affect any other
provision, but this Agreement will be reformed, construed and enforced as if such invalid, illegal or unenforceable provision had never been contained herein. 

 

	 	i.	 Non-Disparagement. You and R1 understand and agree not to
disparage the other party, or its officers, directors, administrators, representatives, employees, contractors, consultants or customers, as applicable, and will not engage in any communications or other conduct which might interfere with the
relationship between the other party or its current, former, or prospective employees, contractors, consultants, customers, suppliers, regulatory entities, and/or any other persons or entities, other than to enforce the terms of this Agreement.

  

	 	j.	 Definitions. 

  

	 	i.	 Confidential Information. “Confidential Information” as used in this Section 5 shall
include R1’s trade secrets as defined under Illinois law, as well as any other information or material which is not generally known to the public, and which (A) is generated, collected by or utilized in the operations of R1’s business
and relates to the actual or anticipated business, research or development of R1; or (B) is suggested by or results from any task assigned to you by R1 or work performed by you for or on behalf of R1. Confidential Information shall not be
considered generally known to the public if you or others improperly reveal such information to the public without R1’s express written consent and/or in violation of an obligation of confidentiality to R1. Examples of Confidential Information
include, but are not limited to, all customer, client, supplier and vendor lists, budget information, contents of any database, contracts, product designs, technical know-how, engineering data, pricing and
cost information, research and development work, software, business plans, proprietary data, 

  
 9 

	 	
projections, market research, perceptual studies, strategic plans, marketing information, financial information (including financial statements), sales information, training manuals, employee
lists and compensation of employees, and all other competitively sensitive information with respect to R1, whether or not it is in tangible form, and including without limitation any of the foregoing contained or described on paper or in computer
software or other storage devices, as the same may exist from time to time. 

  

	 	ii.	 Restricted Area. For purposes of this Agreement, the term “Restricted Area” shall mean the
United States of America. 

  

	6.	 Section 409A 

 

	 	a.	 It is intended that all payments and benefits under this Agreement, the Annual Bonus Plan, the LTI, the 2010
Stock Incentive Plan, and any other plan under which you receive compensation shall comply with, or be exempt from, Internal Revenue Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code
Section 409A”) and, to the maximum extent permitted, this Agreement and such other agreements and plans will be interpreted in accordance with such intention. To the extent that any provision hereof is modified in order to comply with Code
Section 409A, such modification will be made in good faith and will, to the maximum extent reasonably possible, maintain the original intent and economic benefit to you and R1 of the applicable provision without violating the provisions of Code
Section 409A. R1 represents and covenants that payments and benefits to be paid to you under this Agreement, the Annual Bonus Plan, the LTI, the 2010 Stock Incentive Plan, and any other plan under which you will receive compensation are not and
will not be subject to any additional tax or interest under Code Section 409A. R1 and you agree to take any action, or refrain from taking any action, reasonably requested by you or R1, as applicable, to comply with the terms of any correction
procedure promulgated under Code Section 409A. 

  

	 	b.	 A termination of employment will not be deemed to have occurred for purposes of any provision of this Agreement
providing for the payment of any amount or benefit that is “nonqualified deferred compensation” under Code Section 409A upon or following a termination of employment unless such termination is also a “separation from
service” within the meaning of Code Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment” or like terms will mean a “separation from
service.” If on the date of your termination you are a “specified employee” for purposes of Code Section 409A, any payment or benefit that is “nonqualified deferred compensation” that is payable on account of a
“separation from service” (as such terms are defined for purposes of Code Section 409A), such payment or benefit will be made or provided at the date that is the earliest of (a) the expiration of the six (6)-month period measured
from the date of your “separation from service,” (b) the date of your death, or (c) such other date that such payment or benefit may be provided without incurring any additional tax or interest under Code Section 409A. Upon the
expiration of the foregoing delay period, any payments and benefits delayed pursuant to the previous sentence will be paid or made available to you in a lump sum and all remaining benefits payments and benefits due will be paid or provided in
accordance with the normal payment dates specified for them herein. 

  
 10 

	 	c.	 With regard to any reimbursement to you of any costs and expenses or the provision of any in-kind benefits, except as otherwise permitted by Code Section 409A, (a) the right to reimbursement or in-kind benefits will not be subject to liquidation or
exchange for another benefit, (b) the amount of expenses eligible for reimbursement, or in-kind benefits, provided during any taxable year will not affect the expenses eligible for reimbursement, or in-kind to be provided, in any other taxable year, and (c) such payments will be made on or before the last day of your taxable year following the taxable year in which the expense occurred (it being understood
that notwithstanding this (c), any reimbursements to you will be made promptly after you have substantially complied with R1’s policy regarding the reimbursement of expenses). 

 

	 	d.	 Your right to receive any installment payments under this Agreement, the Annual Bonus Plan, the LTI, the 2010
Stock Incentive Plan, or any other plan under which you receive compensation shall be treated as a right to receive a series of separate payments, and each such payment shall be a separately identified and determinable amount, to the maximum extent
permitted under Code Section 409A. Whenever a payment under this Agreement specifies a payment within a period of days, the actual date of payment within such specified period will be within the sole discretion of R1. 

 

	 	e.	 In no event will any payment that constitutes “nonqualified deferred compensation” for purposes of
Code Section 409A be subject to offset by any other amount unless otherwise permitted by Code Section 409A. 

  

	7.	 Governing Law. This Agreement shall be construed, interpreted and enforced in accordance with the
internal laws of the State of Delaware without regard to any applicable conflicts of law provisions. 

  

	8.	 Exclusive Jurisdiction/Venue. All disputes that arise from or relate to this Agreement shall be decided
exclusively by binding arbitration in Salt Lake County, Utah under the Commercial Arbitration Rules of the American Arbitration Association. The parties agree that the arbitrator’s award shall be final, and may be filed with and enforced as a
final judgment by any court of competent jurisdiction. Notwithstanding the foregoing, any disputes related to the enforcement of the restrictive covenants contained in this Agreement shall be subject to and determined under Delaware law and
adjudicated in Utah courts. 

  

	9.	 Notices. Any notice hereunder by you shall be given to R1 in writing and such notice shall be deemed
duly given only upon receipt thereof by the General Counsel of R1. Any notice hereunder by R1 shall be given to you in writing and such notice shall be deemed duly given only upon receipt thereof at such address as you may have on file with
R1. 

  

	10.	 Headings. The titles and headings of the various sections of this Agreement have been inserted for
convenience of reference only and shall not be deemed to be a part of this Agreement. 

  

	11.	 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed
to be an original, but all of which shall constitute one and the same instrument. 

  
 11 

	12.	 Severability. The invalidity or unenforceability of any provisions of this Agreement in any jurisdiction
shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of any provision of this Agreement in any other jurisdiction, it being intended that all
rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law. 

  

	13.	 Binding Agreement; Assignment. This Agreement shall inure to the benefit of, be binding upon, and be
enforceable by R1 and its successors and assigns and you. You shall not assign any part of this Agreement without the prior express written consent of R1. 

  

	14.	 Entire Agreement; Precedence; Amendment. This Agreement together contain the entire agreement between
the parties hereto with respect to the subject matter contained herein and supersedes all prior agreements or prior understandings, whether written or oral, between the parties relating to such subject matter. This Agreement may be modified or
amended by a writing signed by both R1 and you. 

  

							
	LEE RIVAS	 		 	R1 RCM INC.
			
	 /s/ Lee Rivas
	 		 	 /s/ Kate Sanderson

		 		 	By:	 	Kate Sanderson
		 		 	Title: EVP and Chief Human Resources Officer
			
	Dated: November 7, 2022	 		 	Dated: November 7, 2022

  
 12

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