R1 RCM

OverviewSuggest Edit

R1 RCM (formerly known as Accretive Health) is a provider of technology-enabled revenue cycle management (RCM) services. It aims to transform and solve revenue cycle performance challenges across hospitals, health systems, and physician groups. The company also provides modular services comprising physician advisory, patient experience, revenue integrity, and other services.

TypePublic
Founded2003
HQSalt Lake City, UT, US
Websiter1rcm.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2021)22,000(+16%)
Job Openings1,005
Revenue (FY, 2021)$1.5 B(+17%)
Share Price (Aug 2022)$26.1(-1%)
Cybersecurity ratingBMore
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Key People/Management at R1 RCM

Joseph Flanagan

Joseph Flanagan

President and Chief Executive Officer, Director
Rachel Wilson

Rachel Wilson

EVP, Chief Financial Officer & Treasurer
John Sparby

John Sparby

EVP, Chief Operating Officer
Sean Radcliffe

Sean Radcliffe

EVP, General Counsel
Vijay Kotte

Vijay Kotte

Chief Solutions Officer and EVP, Strategy and Corporate Development
Gary Long

Gary Long

EVP, Chief Commercial Officer
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R1 RCM Office Locations

R1 RCM has offices in Salt Lake City, Gurugram, Hyderabad and Noida
Salt Lake City, UT, US (HQ)
434 W Ascension Way 6th floor
Gurugram, IN
Tower No-1, Candor Tech Space, Sector 48
Hyderabad, IN
Survey No-1, Plot No. 6 NSL SEZ Arena, Uppal - Ramanthapur Rd, Satyanarayana Swamy Nagar, IDA Uppal, Uppal
Noida, IN
Tower no. 3, Plot 20 & 21, Sector 135
Show all (4)

R1 RCM Financials and Metrics

R1 RCM Revenue

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R1 RCM's revenue was reported to be $1.47 b in FY, 2021
USD

Revenue (Q1, 2022)

385.7m

Gross profit (Q1, 2022)

89.2m

Gross profit margin (Q1, 2022), %

23.1%

Net income (Q1, 2022)

29.4m

EBITDA (Q1, 2022)

89.3m

EBIT (Q1, 2022)

43.2m

Closing stock price (4-Aug-2022)

26.1

Cash (31-Mar-2022)

123.9m

EV

657.7m
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

1.2b1.3b1.5b

Revenue growth, %

37%7%

Cost of goods sold

987.8m1.0b1.2b

Gross profit

198.3m249.7m311.8m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

320.5m314.7m307.2m342.6m353.4m397.7m385.7m

Cost of goods sold

253.9m248.3m255.2m267.2m287.0m304.0m296.5m

Gross profit

66.6m66.4m52.0m75.4m66.4m93.7m89.2m

Gross profit Margin, %

21%21%17%22%19%24%23%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2019FY, 2020FY, 2021

Cash

228.9m145.2m103.5m181.2m92.0m173.8m130.1m

Accounts Receivable

24.6m4.4m10.2m4.0m52.3m91.3m157.4m

Prepaid Expenses

6.9m7.4m10.9m13.8m41.6m59.4m77.2m

Current Assets

375.1m230.5m126.7m204.6m216.7m355.4m364.7m
Quarterly
USDQ2, 2011Q3, 2011Q4, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

150.3m182.1m196.7m214.5m200.9m196.4m207.7m154.1m193.7m132.0m121.9m137.7m281.0m221.7m201.9m106.0m123.1m106.3m103.5m164.9m158.7m123.9m

Accounts Receivable

92.0m106.7m94.1m111.2m124.9m136.7m14.3m13.5m8.5m4.5m3.4m5.1m8.9m6.6m8.9m57.6m64.3m76.7m97.6m128.7m143.0m135.3m

Prepaid Expenses

2.7m2.2m4.0m5.3m5.9m8.8m9.1m10.1m9.5m7.0m12.0m7.8m13.7m13.4m16.0m43.9m48.0m62.4m65.7m59.7m62.9m81.2m

Current Assets

274.7m309.8m305.6m342.9m352.9m352.8m358.2m289.2m286.6m213.8m203.9m256.1m305.2m242.2m227.7m243.8m260.7m382.4m298.6m353.3m364.6m340.4m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

12.0m117.1m97.2m

Depreciation and Amortization

55.7m68.7m77.5m

Accounts Payable

9.9m(3.4m)100.0k

Cash From Operating Activities

113.9m61.8m264.8m
Quarterly
USDQ1, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

200.0k18.2m33.3m38.5m25.8m44.2m61.2m29.4m

Depreciation and Amortization

12.9m15.7m33.6m50.9m22.3m35.5m56.8m18.9m

Accounts Payable

3.0m2.8m4.5m1.9m5.2m2.2m4.5m3.2m

Cash From Operating Activities

71.1m600.0k45.3m50.5m46.0m128.5m218.8m30.9m
USDQ2, 2011

Financial Leverage

1.6 x
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R1 RCM Operating Metrics

FY, 2019Apr, 2020Feb, 2021Jun, 2022

New Net Patient Revenue under Management

$4.1 b

Clients

750900900

Providers

27 k27 k27 k

Patient Engagements per Year

30 m30 m60 m

R1 RCM Acquisitions / Subsidiaries

Company NameDateDeal Size
CloudmedJanuary 10, 2022$4.1 b
VisitPayJuly 01, 2021$300 m
Cerner RevWorksAugust 03, 2020
SCI SolutionsApril 01, 2020$190 m
IntermedixMay 08, 2018$460 m
Accretive Health Mauritius, Inc.
cGate Health, Inc.
Clearsight Intermediate Holdings, Inc.
Flare Capital Partners Investment Company
Intermedix ARM, LLC
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R1 RCM Revenue Breakdown

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R1 RCM revenue breakdown by business segment: 9.8% from Incentive Fees, 82.2% from Net Operating Fees and 8.1% from Other

Human Capital Metrics

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R1 RCM Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

R1 RCM Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

R1 RCM Online and Social Media Presence

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R1 RCM News and Updates

R1 RCM Reports Second Quarter 2022 Results

MURRAY, Utah, Aug. 03, 2022 (GLOBE NEWSWIRE) -- R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, today announced results for the three months ended June 30, 2022.

R1 RCM to Release Second Quarter 2022 Results on August 3

MURRAY, Utah, July 20, 2022 (GLOBE NEWSWIRE) -- R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, today announced it expects to release financial results for the three months ended J…

R1 RCM Announces 10-Year End-to-End Revenue Cycle Management Partnership with Sutter Health to Drive Improved Financial Performance

MURRAY, Utah, July 14, 2022 (GLOBE NEWSWIRE) -- R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, announced the execution of the 10-year agreement to be the exclusive provider of ent…

R1 RCM Completes Acquisition of Cloudmed

Combined company to deliver a scalable, flexible, and integrated platform to optimize revenue cycle and consumer engagement in healthcare

R1 RCM to Release First Quarter 2022 Results on May 9

MURRAY, Utah, April 21, 2022 (GLOBE NEWSWIRE) -- R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, today announced it expects to release financial results for the three months ended …

R1 RCM Announces Filing of Registration Statement on Form S-4 Related to Proposed Acquisition of Cloudmed

MURRAY, Utah, April 07, 2022 (GLOBE NEWSWIRE) -- R1 RCM Inc. (NASDAQ:RCM), a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, today announced that Project Roadrunner Parent Inc., a wholly owned subsidiary of R1…
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R1 RCM Frequently Asked Questions

  • When was R1 RCM founded?

    R1 RCM was founded in 2003.

  • Who are R1 RCM key executives?

    R1 RCM's key executives are Joseph Flanagan, Rachel Wilson and John Sparby.

  • How many employees does R1 RCM have?

    R1 RCM has 22,000 employees.

  • What is R1 RCM revenue?

    Latest R1 RCM annual revenue is $1.5 b.

  • What is R1 RCM revenue per employee?

    Latest R1 RCM revenue per employee is $67 k.

  • Who are R1 RCM competitors?

    Competitors of R1 RCM include NextGen Healthcare, athenahealth and Allscripts.

  • Where is R1 RCM headquarters?

    R1 RCM headquarters is located at 434 W Ascension Way 6th floor, Salt Lake City.

  • Where are R1 RCM offices?

    R1 RCM has offices in Salt Lake City, Gurugram, Hyderabad and Noida.

  • How many offices does R1 RCM have?

    R1 RCM has 4 offices.