About R1 RCM
R1 RCM is a company based in Chicago (United States) founded in 2003 by Michael Cline and Mary Tolan was acquired by CD&R in November 2024. The company has 15,418 employees as of April 09, 2024. R1 RCM has completed 6 acquisitions, including Acclara Solutions, Cloudmed and EPBS-Intermedix. R1 RCM offers products and services including Revenue Cycle Management Platform, Denials Recovery Service, and Charge Capture Tool. R1 RCM operates in a competitive market with competitors including iMedX, Xifin, Infinx, AKASA and Plusgrade, among others.
- Headquarter Chicago, United States
- Employees 15418 as on 09 Apr, 2024
- Founders Michael Cline, Mary Tolan
- Stage Public
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Sectors
HealthcareTechnology
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name R1 Rcm Global Private Limited
- Date of Incorporation 28 Jan, 2009
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$159.48 M (USD)31.81as on Mar 31, 2023
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Net Profit
$17.12 M (USD)15.46as on Mar 31, 2023
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EBITDA
$26.93 M (USD)12.48as on Mar 31, 2023
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Latest Funding Round
Not available
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Investors
Ares Capital Corporation
& 3 more
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Employee Count
15418
as on Apr 09, 2024
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Investments & Acquisitions
Acclara Solutions
& 5 more
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Acquired by
CD&R
(Nov 19, 2024)
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Products & Services of R1 RCM
R1 RCM offers a comprehensive portfolio of products and services, including Revenue Cycle Management Platform, Denials Recovery Service, and Charge Capture Tool.
Platform for optimizing healthcare revenue and reimbursement processes.
Service to expedite and improve handling of denied claims in healthcare.
Tool for accurate capture and validation of healthcare charges.
People of R1 RCM
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Software Development Team
102 people
Leadership Team
82 people
Senior Team
70 people
Operations Team
67 people
Product Management Team
41 people
Human Resources and Administration
38 people
Data Analysis and Operations Team
28 people
Finance and Accounting
21 people
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Funding Insights of R1 RCM
Investors in R1 RCM
R1 RCM has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Ares Capital Corporation, Khosla Ventures and Kedaara.
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Private equity firm focused on growth companies
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Private equity and debt investments are managed for businesses.
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Early-stage startups are funded by this venture capital firm.
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Investor details for R1 RCM
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Investments & Acquisitions by R1 RCM
R1 RCM has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Acclara Solutions, Cloudmed and EPBS-Intermedix.
Investment portfolio details for R1 RCM
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based patient revenue management is delivered to healthcare providers.
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Revenue cycle management solutions are provided for healthcare organizations.
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Locked | Locked | 2007 | Locked | |
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Provider of revenue cycle management services
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Locked | Locked | 2005 | Locked |
Complete acquisition details for R1 RCM
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Financial Statements - R1 RCM
Detailed financials for R1 RCM
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R1 Rcm Comparisons
Peer comparison for R1 RCM
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Competitors of R1 RCM
R1 RCM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as iMedX, Xifin, Infinx, AKASA and Plusgrade, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Revenue cycle management platform is provided to healthcare providers.
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Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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| Locked | Locked | Locked |
Revenue cycle management platform for healthcare is provided.
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Revenue cycle automation platforms are provided for healthcare reimbursement.
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SaaS revenue management solutions are offered to airlines for optimization.
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Detailed competitors of R1 RCM
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Latest news on R1 Rcm
Complete news archive for R1 RCM
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Frequently Asked Questions about R1 RCM
R1 RCM was founded in 2003 and raised its 1st funding round 15 years after it was founded.
R1 RCM is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Lee Rivas is the current CEO of R1 RCM.
As of Apr 09, 2024, the latest employee count at R1 RCM is 15,418.
Annual revenue of R1 RCM is $159.48M as on Mar 31, 2023.
R1 RCM was founded in 2003 and is headquartered in Chicago, United States. An end-to-end revenue cycle management platform is offered to healthcare organizations, including a practice management system. Costs to collect payments are reduced, net patient revenue is improved, and patient experiences are enhanced through these services. Operations focus on the healthcare sector, supporting various organizations across the United States.
R1 RCM offers Revenue Cycle Management Platform, Denials Recovery Service, and Charge Capture Tool.
R1 RCM has made 6 acquisitions, including Acclara Solutions, Cloudmed, and EPBS-Intermedix.
R1 RCM has 4 investors. Key investors include Ares Capital Corporation, Khosla Ventures, Kedaara, and CD&R.