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
***********
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Phone
*********
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Website
*********
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Social
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- 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
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2025 | Amount | Seed - R1 RCM | Valuation |
investors |
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| Jan, 2025 | Amount | Private Equity Round - R1 RCM | Valuation |
investors |
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| Jun, 2018 | Amount | Debt – Conventional - R1 RCM | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity firm focused on growth companies
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Founded Year | Domain | Location | |
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Private equity and debt investments are managed for businesses.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2010 | ||||
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Revenue cycle management solutions are provided for healthcare organizations.
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2007 | ||||
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Provider of revenue cycle management services
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - R1 RCM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
R1 Rcm Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Revenue cycle management platform is provided to healthcare providers.
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| domain | founded_year | HQ Location |
Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare is provided.
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| domain | founded_year | HQ Location |
Revenue cycle automation platforms are provided for healthcare reimbursement.
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| domain | founded_year | HQ Location |
SaaS revenue management solutions are offered to airlines for optimization.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on R1 Rcm
Frequently Asked Questions about R1 RCM
When was R1 RCM founded?
R1 RCM was founded in 2003 and raised its 1st funding round 15 years after it was founded.
Where is R1 RCM located?
R1 RCM is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of R1 RCM?
Lee Rivas is the current CEO of R1 RCM.
How many employees does R1 RCM have?
As of Apr 09, 2024, the latest employee count at R1 RCM is 15,418.
What is the annual revenue of R1 RCM?
Annual revenue of R1 RCM is $159.48M as on Mar 31, 2023.
What does R1 RCM do?
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.
What products or services does R1 RCM offer?
R1 RCM offers Revenue Cycle Management Platform, Denials Recovery Service, and Charge Capture Tool.
How many acquisitions has R1 RCM made?
R1 RCM has made 6 acquisitions, including Acclara Solutions, Cloudmed, and EPBS-Intermedix.
Who are R1 RCM's investors?
R1 RCM has 4 investors. Key investors include Ares Capital Corporation, Khosla Ventures, Kedaara, and CD&R.
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