R1 RCM Inc

Latest Results (24.12.2024):

Revenue Growth

In the fourth quarter of 2023, R1 RCM Inc. reported a revenue of $575.1 million, marking an increase of $41.8 million or 7.8% compared to the same period in the previous year. For the full year 2023, the company achieved a total revenue of $2,254.2 million, which is an increase of $447.8 million or 24.8% from 2022.

Net Income Improvement

R1 RCM Inc. recorded a GAAP net income of $1.4 million in the fourth quarter of 2023, a significant improvement from a net loss of $36.6 million in the same quarter of the previous year. For the full year 2023, the company reported a GAAP net income of $3.3 million, compared to a net loss of $63.3 million in 2022.

Adjusted EBITDA Increase

The company's adjusted EBITDA for the fourth quarter of 2023 was $167.7 million, representing an increase of $42.1 million or 33.5% compared to the same period last year. For the entire year, R1 RCM Inc. reported an adjusted EBITDA of $614.3 million, up by $190.5 million or 45.0% from 2022.

2024 Financial Outlook

Looking ahead to 2024, R1 RCM Inc. expects to generate revenue between $2,625 million and $2,675 million. The company anticipates a GAAP operating income ranging from $105 million to $135 million and an adjusted EBITDA between $650 million and $670 million.

Strategic Initiatives

R1 RCM Inc. has focused on strengthening its technology platform by driving innovation through generative AI and enhancing its global infrastructure. The company aims to leverage its capabilities to deploy flexible models that meet customers' needs in their revenue cycle journey, positioning itself for long-term sustainable growth and improved financial performance.