R1 RCM (RCM) Tops Q1 EPS by 2c, Revenues Beat; Offers FY19 Revenue Guidance

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R1 RCM Reports First Quarter 2019 Results

May 9, 2019 7:01 AM EDT

CHICAGO, May 09, 2019 (GLOBE NEWSWIRE) -- R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-enabled revenue cycle management services to healthcare providers, today announced results for the three months ended March 31, 2019.

First Quarter 2019 Results:

Revenue of $275.9 million, up $128.6 million and 87.3% compared to the same period last year GAAP net income of $0.2 million, compared to net loss of $23.3 million in the same period last year Adjusted EBITDA of $33.4 million, up $33.1 million compared to the same period last year

Our first quarter results reflect continued excellent... More