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.

TypePublic
Founded2003
HQChicago, IL, US
Websiter1rcm.com
Employee Ratings2.5

Latest Updates

Employees (est.) (Feb 2020)19,000(+16%)
Job Openings1
Revenue (FY, 2019)$1.2 B(+37%)
Share Price (Jan 2021)$26.5 (+3%)
Cybersecurity ratingBMore

Key People/Management at R1

Joseph Flanagan

Joseph Flanagan

President & CEO
Alex J. Mandl

Alex J. Mandl

Lead Director
John Sparby

John Sparby

EVP, Customer Operations
Rachel Wilson

Rachel Wilson

EVP, CFO & Treasurer
Julia Davis

Julia Davis

EVP, Chief Information Officer
Sean Radcliffe

Sean Radcliffe

EVP, General Counsel
Show more

R1 Office Locations

R1 has an office in Chicago
Chicago, IL, US (HQ)
Equitable Building, 401 N Michigan Ave #2700
Show all (1)

R1 Financials and Metrics

R1 Revenue

Embed Graph
View revenue for all periods
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
USDFY, 2017FY, 2018FY, 2019

Revenue

449.8m868.5m1.2b

Revenue growth, %

93%37%

Cost of goods sold

416.3m770.6m987.8m

Gross profit

33.5m97.9m198.3m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

86.9m99.4m123.2m147.3m207.9m250.4m275.9m295.0m301.2m320.5m314.7m307.2m

Cost of goods sold

80.9m96.4m111.8m138.7m189.9m219.3m237.2m246.1m241.9m253.9m248.3m255.2m

Gross profit

6.0m3.0m11.4m8.6m18.0m31.1m38.7m48.9m59.3m66.6m66.4m52.0m

Gross profit Margin, %

7%3%9%6%9%12%14%17%20%21%21%17%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

164.9m62.8m92.0m

Accounts Receivable

8.2m42.2m52.3m

Prepaid Expenses

13.2m34.8m41.6m

Current Assets

202.3m196.8m216.7m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(58.8m)(45.3m)12.0m

Depreciation and Amortization

16.3m38.8m55.7m

Accounts Payable

(300.0k)(3.0m)9.9m

Cash From Operating Activities

20.9m18.3m113.9m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(8.3m)(15.0m)(18.6m)(23.3m)(26.2m)(39.6m)200.0k(5.0m)4.2m18.2m38.5m

Depreciation and Amortization

3.2m7.0m11.5m4.9m13.4m27.6m12.9m25.8m39.9m15.7m42.7m50.9m

Accounts Payable

(4.0m)(2.3m)300.0k(1.4m)1.4m(6.0m)3.0m7.2m10.5m2.8m4.5m1.9m

Cash From Operating Activities

(27.9m)(22.9m)(4.3m)(9.9m)(21.1m)(6.0m)71.1m44.0m43.3m600.0k45.3m50.5m
USDQ1, 2017

Revenue/Employee

14.2k

Financial Leverage

3.8 x
Show all financial metrics

R1 Operating Metrics

FY, 2019Apr, 2020

New Net Patient Revenue under Management

$4.10 b

Clients

750

Providers

27 k

Patient Engagements per Year

30 m
Show all operating metrics

R1 Acquisitions / Subsidiaries

Company NameDateDeal Size
SCI SolutionsApril 01, 2020$190 m
IntermedixMay 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.
Show more

R1 Revenue Breakdown

Embed Graph

R1 revenue breakdown by business segment: 87.5% from Net Operating Fees and 12.5% from Other

R1 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

R1 Online and Social Media Presence

Embed Graph

R1 News and Updates

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...

R1 RCM Announces Conversion Agreement with Ascension and TowerBrook

Conversion of Preferred Stock to Shares of Common Stock to Enhance Alignment with Common Shareholders

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.

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.

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.

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 …
Show more

R1 Blogs

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…

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 …

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 …

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 …

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 …

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…
Show more

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.