About R1 RCM
R1 RCM is a Healthcare company based in Chicago (United States) founded in 2003 by Michael Cline and Mary Tolan, and was acquired by CD&R in November 2024. End-to-end revenue cycle management is provided for healthcare organizations. It operates in the Healthcare and Technology sectors. The company has 15,418 employees. R1 RCM has completed 6 acquisitions, including Acclara Solutions, Cloudmed and EPBS-Intermedix. Its chief executive, as recorded, is Lee Rivas. Its website r1rcm.com draws about 258 thousand monthly visits. Its Indian entity R1 Rcm Global Private Limited reported revenue of ₹1,903 Cr. R1 RCM offers products and services including Revenue Cycle Management Platform, Denials Recovery Service, and Charge Capture Tool. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions. Its competitors include iMedX, Xifin and Infinx; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Chicago, United States
- Employees 15,418
- Founders Michael Cline, Mary Tolan
- Stage Acquired
- SectorsHealthcareTechnology
- Website category Jobs and Career · Jobs and Employment
- Email••••••••
- Phone•••• ••••
- Website r1rcm.com
- Social LinkedIn X Facebook
- Acquired by CD&R (Nov 2024)
- Legal Name R1 Rcm Global Private Limited
- Date of Incorporation 28 Jan, 2009
- Jurisdiction New Delhi, Delhi, India
- Indian entity revenue₹1,903 Cr
FY 2025 · +18% YoY
- Indian entity net profit₹211 Cr
FY 2025 · 11% margin
- Indian entity EBITDA₹347 Cr
FY 2025 · 18% margin
- InvestorsAres Capital Corporation
& 3 more
- Employee Count15,418
- Investments & AcquisitionsAcclara Solutions
& 5 more
- Acquired byCD&R
(Nov 2024)
Associated legal entities of R1 RCM
R1 RCM operates through R1 Rcm Global Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| R1 Rcm Global Private Limited CIN U74900DL2009PTC187041 | Active | 28 Jan 2009 | New Delhi, Delhi | ₹1,903 Cr | 15,418 | 4 | View details |
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.
Funding Insights of R1 RCM
- Total Rounds 3
- Investors Count 3
All 3 funding rounds of R1 RCM with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2025 | Seed | – | – | ||
| Jan 2025 | Private Equity Round | – | – | ||
| Jun 2018 | Debt – Conventional | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on growth companies | kedaara.com | Ebene City, Mauritius | ||
Private equity and debt investments are managed for businesses. | 2004 | arescapitalcorp.com | Los Angeles, United States | |
Early-stage startups are funded by this venture capital firm. | 2004 | khoslaventures.com | Menlo Park, United States | |
A private equity firm focused on building long-term business value. | cdr.com | New York, United States |
Investor details for R1 RCM
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Board of directors of R1 Rcm Global Private Limited (R1 RCM)
R1 Rcm Global Private Limited is the primary company behind R1 RCM. The board of R1 Rcm Global Private Limited currently have 4 directors; the longest-serving is Abhijeet Pawar Kamalakar, appointed in 2017. 16 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhijeet Pawar Kamalakar DIN 03610456 | Whole-time director | 09 Jan 2017 | 9 yrs 9 mo | R1 Rcm Global Private Limited |
| Swati Khandelwal DIN 08631558 | Whole-time director | 09 Dec 2019 | 6 yrs 10 mo | R1 Rcm Global Private Limited |
| John Michael Sparby DIN 09196976 | Director | 30 Jun 2021 | 5 yrs 3 mo | R1 Rcm Global Private Limited |
| Amit Kalra DIN 06732141 | Whole-time director | 30 Jun 2021 | 5 yrs 3 mo | R1 Rcm Global Private Limited |
People of R1 RCM
573 people are tracked at R1 RCM (203 in leadership, 370 in team); the tracked headcount is 15,418.
| Name | Role | Group |
|---|---|---|
Michael Cline | Co-Founder | Leadership |
Mary Tolan | Co-Founder | Leadership |
Lee Rivas | CEO | Leadership |
Julia Dietz | Director Of Service Delivery Of Excellence | Leadership |
Jacqueline Washington | Director, Revenue Cycle Operations | Leadership |
Michael Bork | Director, IT Deployment | Leadership |
Alex Wheelock | Vice President, Customer Partner | Leadership |
Neelu Sharma | Senior Director Procurement COE & Workplace Management | Leadership |
Ankita Bahl Ajmani | Associate Director | Leadership |
Tai Namkung | Senior Director | Leadership |
Aditi Hindwan | Associate Director Marketing | Leadership |
Chris Coleman | Vice President Of Commercial Sales | Leadership |
Carole Critchlow | Senior Director, Data Operations & Integration | Leadership |
Sridhar M. | Director Of Engineering, Data Platform | Leadership |
Tiffanee Ivery | Senior Director, Physician Revenue Cycle Management | Leadership |
Bernard Gay | Director, Customer Success - R1 RCM | Leadership |
Pete Hinds | Vice President, Revenue Cycle Operations | Leadership |
Kathryn Accurso | Director, Client Delivery | Leadership |
Firdaus Jahan | Sr. Director RCM Operations | Leadership |
Eamon McGuinness | Director IT Operations (noc) | Leadership |
553 more people are available in the full profile.
Complete people profiles for R1 RCM
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Financials of R1 RCM
Figures of R1 Rcm Global Private Limited, the primary company behind R1 RCM, for FY 2025. Revenue was ₹1,903 Cr (+18% year on year). Net profit was ₹211 Cr (11% margin). EBITDA was ₹347 Cr (18% margin). Revenue has grown at a compounded annual rate of +24% over three years and +24% over five years.
- ₹1,903 CrRevenue · FY 2025 · +18% YoY
- ₹211 CrNet profit · 11% margin
- ₹347 CrEBITDA · 18% margin
- ₹2 LakhPaid-up capital
- 15,418Employees (provident fund records)
- +24%Revenue CAGR, 3 years
- +24%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of R1 Rcm Global Private Limited are on its company page.
Detailed financial statements 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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of revenue cycle management services | acclara.com | Houston, United States | 2005 | Nov 2023 | $675M | |
Revenue cycle management solutions are provided for healthcare organizations. | cloudmed.com | Atlanta, United States | 2007 | Jan 2022 | •••• | |
Cloud-based patient revenue management is delivered to healthcare providers. | visitpay.com | Boise, United States | 2010 | May 2021 | $300M | |
Provides patient access, and care coordination software | scisolutions.com | Seattle, United States | 1998 | Jan 2020 | $190M | |
Healthcare analytics and emergency management solutions are delivered. | intermedix.com | Nashville, United States | 2002 | Feb 2018 | $460M | |
Billing and claims management services are provided for emergency departments. | epbs.com | Oklahoma, United States | 1997 | Dec 2006 | •••• |
Complete acquisition details for R1 RCM
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Timeline of R1 RCM
11 dated milestones of R1 RCM across 22 years, from founding to its latest funding, stage changes and deals.
- Founded R1 RCM is founded.
- Acquisition Acquires EPBS-Intermedix.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Intermedix.
- Funding First funding round.
- Acquisition Acquires SCI Solutions.
- Acquisition Acquires VisitPay.
- Acquisition Acquires Cloudmed.
- Acquisition Acquires Acclara Solutions.
- Exit Acquired by CD&R.
- Funding Latest funding round, Seed,.
Competitors of R1 RCM
R1 RCM has 3 listed competitors in our database, 2 of them funded. They include iMedX, Xifin and Infinx.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| imedx.com | 2002 | Atlanta, United States | $22.28M | 951 | Revenue cycle management platform is provided to healthcare providers. | |
| xifin.com | 1997 | San Diego, United States | $6M | 861 | Cloud-based billing & revenue cycle management solutions for diagnostic service providers | |
| infinx.com | 2010 | San Francisco, United States | 6,350 | Revenue cycle management platform for healthcare is provided. |
Detailed competitors of R1 RCM
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Web traffic of R1 RCM
The website of R1 RCM (r1rcm.com) receives about 257.8K visits a month and ranks #174,028 among all websites worldwide, #2,421 in Jobs and Employment.
- Monthly visits257.8K
▼ 20% vs previous month
- Unique visitors115.3K
per month
- Global rank#174,028
among all websites
- Category rank#2,421
Jobs and Career · Jobs and Employment
- Bounce rate46%
- Pages per visit2.0
- Average visit1 min 49 sec
- DevicesDesktop 44% · Mobile 56%
Websites whose visitors overlap most with R1 RCM. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| indeed.com | 100% | 416.4M | #70 | View details | |
careers.t-mobile.com | careers.t-mobile.com | 84% | #77,681 | – | |
| centraprise.com | 84% | 680.7K | View details | ||
jobs.sutterhealth.org | jobs.sutterhealth.org | 84% | #101,129 | – | |
| gebbs.com | 84% | 26.7K | #1,028,178 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for R1 RCM
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Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as R1 RCM (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about 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 CEO of R1 RCM, as recorded in our data.
R1 RCM has 15,418 employees.
The primary company behind R1 RCM, R1 Rcm Global Private Limited, reported revenue of ₹1,903 Cr for FY 2025, up 18% year on year.
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.
R1 RCM operates through R1 Rcm Global Private Limited.
Yes. R1 RCM was acquired by CD&R in November 2024.