R1 Rcm Inc (OQ:RCM)
Business Focus: Healthcare Facilities & Services
| Sector: Healthcare | Industry: Healthcare Facilities & Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 434 W. Ascension Way, 6Th Floor MURRAY UT 84123 |
| Tel: | N/A |
| Website: | https://www.r1rcm.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| R1 RCM Inc. is a provider of technology-driven solutions that transform the financial performance and patient experience for health systems, hospitals, and physician groups. The Company's scalable operating models seamlessly complement a healthcare organization's infrastructure, driving sustainable improvements to net patient revenue and cash flows while reducing operating costs and enhancing the patient experience. The Company delivers solutions to customers through technology, intellectual property (IP), global scale, and operational excellence. Its Intelligent Automation modernizes processes, removes friction, and simplifies revenue cycle management (RCM). Its use of artificial intelligence (AI) in its platform depends on the availability and pricing of equipment and technical infrastructure from third parties, including Microsoft Azure. It serves over 3,700 hospitals, including 93 of the top 100 health systems, and over 30,000 physicians. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, R1 Rcm Inc revenues increased 25% to $2.25B. Net income totaled $3.3M vs. loss of $63.3M. Revenues reflect Modular and other increase of 77% to $689.9M, Net operating fees increase of 11% to $1.46B. Net Income reflects United States segment income increase from $3M to $147.9M. Basic Earnings per Share excluding Extraordinary Items increased from -$0.18 to $0.01. |
| Employees: | 29,400 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $6,437M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,254M as of Dec 31, 2023 |
| EBITDA (TTM): | $539.20M as of Dec 31, 2023 |
| Net annual income (TTM): | $3.30M as of Dec 31, 2023 |
| Free cash flow (TTM): | $237.60M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $1,464M as of Dec 31, 2023 |
| Shares outstanding: | 420,729,691 as of Mar 28, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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