| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
422 |
| Employees |
30,000 |
| Revenues (TTM) (Millions $) |
2,464 |
| Net Income (TTM) (Millions $) |
-61 |
| Cash Flow (TTM) (Millions $) |
2 |
| Capital Exp. (TTM) (Millions $) |
105 |
Business Description
R1 RCM Inc. is a healthcare tech company that provides revenue cycle management (RCM) services to healthcare providers in the United States. Its headquarters is in Chicago, Illinois.
The company was founded in 2003 as Accretive Health Inc. by Mary Tolan, Michael Cline, and Brett Carlson. In 2011, it went public as Accretive Health, but it rebranded as R1 RCM in 201 Today, R1 RCM has over 21,000 employees working in over 300 hospitals and health systems in the US.
The company's primary service offering is revenue cycle management which covers everything from patient registration to billing and collections. The goal of this service is to optimize revenue cycles, increase claims processing efficiency, and reduce costs for healthcare providers. R1 RCM also offers value-based care solutions, medical coding services, and medical billing services to providers.
The company is a pioneer in the healthcare industry as it was one of the first to develop scalable, data-driven solutions that combine technology, human capital, and process optimizations to improve patient outcomes while lowering healthcare spending.
R1 RCM's technology solutions include proprietary revenue cycle management software, data analytics, and patient feedback tools. It leverages artificial intelligence to predict, identify, and solve revenue cycle management problems.
Overall, R1 RCM's mission is to create a sustainable future for the healthcare industry by offering innovative solutions and improving the quality of care delivered to patients. Through its performance-driven approach, the company aims to drive positive outcomes in both the patient experience and provider finances.
Company Address: 433 W. Ascension Way Murray 84123 UT
Company Phone Number: 324-7820 Stock Exchange / Ticker: NASDAQ RCM
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%
11.6%