OverviewSuggest Edit
R1 is a provider of technology-enabled revenue cycle management (RCM) services. It transforms and solves revenue cycle performance challenges across hospitals, health systems, and physician groups. The company also provides modular services comprising physician advisory services and revenue capture services.
| Type | Public | |
| Founded | 2003 | |
| HQ | Chicago, IL, US | Map |
| Website | r1rcm.com | |
| Employee Ratings | More |
Recent NewsAll News
- SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating R1 RCM Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors
- R1 RCM Announces Conversion Agreement with Ascension and TowerBrook
- R1 RCM to Present at the 39th Annual J.P. Morgan Healthcare Conference
- Ruark Updates Its Classic R1 Radio With A Bold New Look
Key People/Management at R1
Joseph Flanagan
President & CEO
Alex J. Mandl
Lead Director
John Sparby
EVP, Customer Operations
Rachel Wilson
EVP, CFO & Treasurer
Julia Davis
EVP, Chief Information Officer
Sean Radcliffe
EVP, General Counsel
R1 Office Locations
R1 has an office in Chicago
Chicago, IL, US (HQ)
Equitable Building, 401 N Michigan Ave #2700
R1 Financials and Metrics
R1 Revenue
R1's revenue was reported to be $1.19 b in FY, 2019 which is a 36.6% increase from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2020) | 307.2m |
Gross profit (Q3, 2020) | 52.0m |
Gross profit margin (Q3, 2020), % | 16.9% |
Net income (Q3, 2020) | 5.2m |
EBIT (Q3, 2020) | 10.6m |
Market capitalization (22-Jan-2021) | 6.9b |
Closing stock price (22-Jan-2021) | 26.5 |
Cash (30-Sept-2020) | 106.3m |
EV | 6.9b |
R1's current market capitalization is $6.9 b.
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 86.9m | 99.4m | 123.2m | 147.3m | 207.9m | 250.4m | 275.9m | 295.0m | 301.2m | 320.5m | 314.7m | 307.2m |
Cost of goods sold | 80.9m | 96.4m | 111.8m | 138.7m | 189.9m | 219.3m | 237.2m | 246.1m | 241.9m | 253.9m | 248.3m | 255.2m |
Gross profit | 6.0m | 3.0m | 11.4m | 8.6m | 18.0m | 31.1m | 38.7m | 48.9m | 59.3m | 66.6m | 66.4m | 52.0m |
Gross profit Margin, % | 7% | 3% | 9% | 6% | 9% | 12% | 14% | 17% | 20% | 21% | 21% | 17% |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 142.7m | 132.4m | 142.8m | 167.6m | 38.8m | 52.4m | 116.9m | 80.1m | 55.6m | 123.1m | 106.3m | |
Accounts Receivable | 9.0m | 7.2m | 7.7m | 8.0m | 40.9m | 40.2m | 40.8m | 42.7m | 39.6m | 57.6m | 64.3m | 76.7m |
Prepaid Expenses | 28.0m | 19.1m | 16.1m | 12.4m | 26.6m | 35.5m | 36.2m | 43.5m | 49.1m | 43.9m | 62.4m | |
Current Assets | 205.4m | 175.4m | 185.5m | 219.1m | 149.1m | 159.1m | 217.4m | 194.7m | 190.1m | 243.8m | 260.7m | 382.4m |
Annual
Quarterly
| USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (8.3m) | (15.0m) | (18.6m) | (23.3m) | (26.2m) | (39.6m) | 200.0k | (5.0m) | 4.2m | 18.2m | 38.5m | |
Depreciation and Amortization | 3.2m | 7.0m | 11.5m | 4.9m | 13.4m | 27.6m | 12.9m | 25.8m | 39.9m | 15.7m | 42.7m | 50.9m |
Accounts Payable | (4.0m) | (2.3m) | 300.0k | (1.4m) | 1.4m | (6.0m) | 3.0m | 7.2m | 10.5m | 2.8m | 4.5m | 1.9m |
Cash From Operating Activities | (27.9m) | (22.9m) | (4.3m) | (9.9m) | (21.1m) | (6.0m) | 71.1m | 44.0m | 43.3m | 600.0k | 45.3m | 50.5m |
| USD | Q1, 2017 |
|---|---|
Revenue/Employee | 14.2k |
Financial Leverage | 3.8 x |
R1 Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| SCI Solutions | April 01, 2020 | $190 m |
| Intermedix | May 08, 2018 | $460 m |
| Accretive Health Mauritius, Inc. | ||
| Advanced Data Processing, Inc. | ||
| Intermedix Analytics, LLC | ||
| Intermedix ARM, LLC | ||
| Intermedix Corporation | ||
| Intermedix Holdings, Inc. | ||
| Intermedix Lietuva, UAB | ||
| Intermedix Midco, Inc. |
R1 Revenue Breakdown
R1 revenue breakdown by business segment: 87.5% from Net Operating Fees and 12.5% from Other
R1 Cybersecurity Score
R1 Online and Social Media Presence
517 Twitter followers
R1 has 517 Twitter Followers. The number of followers has increased 0.9% month over month and increased 3.3% quarter over quarter
R1's Trends
Twitter Engagement Stats for @R1RCM
541
Tweets
129
Following
517
Followers
6
Tweets last 30 days
1
Avg. likes per Tweet
66.7%
Tweets with engagement
R1 News and Updates
January 18, 2021
SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating R1 RCM Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors
NEW YORK, Jan. 18, 2021 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of R1 RCM Inc. (NASDAQ: RCM). If you are a...
January 06, 2021
R1 RCM Announces Conversion Agreement with Ascension and TowerBrook
Conversion of Preferred Stock to Shares of Common Stock to Enhance Alignment with Common Shareholders
December 30, 2020
R1 RCM to Present at the 39th Annual J.P. Morgan Healthcare Conference
CHICAGO, Dec. 30, 2020 (GLOBE NEWSWIRE) -- R1 RCM Inc. (NASDAQ: RCM), a leading provider of revenue cycle management services to healthcare providers, today announced its management team will present at the 39th Annual J.P. Morgan Healthcare Conference on Monday, January 11, 2021 at 10:50 am ET.
November 11, 2020
Ruark Updates Its Classic R1 Radio With A Bold New Look
Ruark is a British company making classic radios and music streamers. The latest incarnation of the Ruark R1 radio sees the design refreshed and a bunch of new features.
November 03, 2020
R1 RCM Reports Third Quarter 2020 Results
CHICAGO, Nov. 03, 2020 (GLOBE NEWSWIRE) -- R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-enabled revenue cycle management services to healthcare providers, today announced results for the three months ended September 30, 2020.
October 30, 2020
R1 Completes Sale of its Emergency Medical Services Business to Sarnova Holdings, Inc.
CHICAGO, Oct. 30, 2020 (GLOBE NEWSWIRE) -- R1 RCM Inc. (NASDAQ:RCM), a leading provider of technology-enabled revenue cycle management services to healthcare providers, announced it has completed the sale of its emergency medical services (EMS) business, including EMS Revenue Cycle Management and …
R1 Blogs
January 25, 2021
Intelligent Automation in RCM and How to Yield Financial Results
Healthcare provider networks are experiencing enormous pressure to manage financial margins and invest in contactless patient experiences. With overall financial losses projected to exceed $323 billion as a result of COVID-19, a projected $200 billion in administrative waste due to reven…
January 18, 2021
3 Ways a Patient Experience Platform Pays Long-Term Dividends
The rapid move toward consumerism has healthcare organizations working hard to create simpler, more convenient patient journeys. Yet, the key friction-causing modes of communication – faxes and phone calls – persist. It’s hard to believe that ninety percent of healthcare providers still …
January 04, 2021
3 Common Misconceptions When Applying Automation To The Revenue Cycle
After an extremely difficult year – one where health systems now face losses projected to exceed $323 billion due to COVID-19 and as much as $200 billion in administrative waste as a result of revenue cycle inefficiencies – providers, now more than ever, are feeling enormous pressure to …
December 21, 2020
The Right Revenue Cycle Partnership Can Address Consumerism Challenges
Healthcare consumerism has been a trend on the rise for many years, but has never been more relevant than in the COVID-19 “new normal.” Since millions of patients are dealing with financial struggles, loss of insurance, and an overall sense of apprehension when it comes to resuming care …
December 18, 2020
One-Day Medicare Inpatient Surgery Admissions: Allow or Not to Allow?
The CMS proposal to eliminate the Inpatient-Only List, does not mean that all procedures are to be performed as outpatient. On Jan. 18, 2018, RACmonitor published my article titled “CMS Says OK to Admit Total Knee Replacements as Inpatient.” The title created a bit of an uproar, as many …
December 17, 2020
Go Beyond Price Transparency Compliance to Better Patient Experience
The price transparency deadline is right around the corner, but the story doesn't end come January 1. Compliance with the price transparency rule is a big task for hospitals, and there's a big difference between compliance and maintaining good patient financial communication.
Ogi Kwo…
R1 Frequently Asked Questions
When was R1 founded?
R1 was founded in 2003.
Who are R1 key executives?
R1's key executives are Joseph Flanagan, Alex J. Mandl and John Sparby.
How many employees does R1 have?
R1 has 19,000 employees.
What is R1 revenue?
Latest R1 annual revenue is $1.2 b.
What is R1 revenue per employee?
Latest R1 revenue per employee is $62.4 k.
Who are R1 competitors?
Competitors of R1 include athenahealth, Allscripts and McKesson.
Where is R1 headquarters?
R1 headquarters is located at Equitable Building, 401 N Michigan Ave #2700, Chicago.
Where are R1 offices?
R1 has an office in Chicago.
How many offices does R1 have?
R1 has 1 office.
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