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 Rīga, Kalnciema iela 39.

How many employees does R1 RCM have?

As of Jul 31, 2026, the latest employee count at R1 RCM is 23076.

Is R1 RCM a funded company?

R1 RCM is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on 2018.

When was the latest funding round of R1 RCM?

R1 RCM's latest funding was a $***** Seed round on May 30, 2025, with participation from 1 investor.

Where does R1 RCM rank among its competitors?

R1 RCM ranks 3rd amongst 378 active competitors, of which 35 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Commure, which secured $70M in May, 2026.

Who are the top competitors of R1 RCM?

R1 RCM's top competitors include Infinx, Medusind and Commure. Among them, Commure secured the most recent funding round in May, 2026.

R1 RCM - 2026 Company Profile, Team, Funding & Competitors

R1 RCM is an acquired company based in Chicago (United States), founded in 2003 by Mary Tolan. It operates as a Provider of AI-driven solutions for healthcare revenue cycle management and operations. R1 RCM has raised an undisclosed amount in funding. The company has 378 active competitors, including 35 funded and 47 that have exited. Its top competitors include companies like Infinx, Medusind and Commure.

Company Details

Provider of AI-driven solutions for healthcare revenue cycle management and operations. The company offers technology designed to automate processes, improve coding accuracy, and optimize reimbursements. Its products focus on patient intake, claim management, and payment acceleration. The company's AI agents are trained to provide expertise in every action.

Website: www.r1rcm.com/
Social
Email ID: *****@r1rcm.com
Phone Number: +1 **********
Registered Address: Rīga, Kalnciema iela 39

Key Metrics

Founded Year

2003

Location

Chicago, United States

Stage

Acquired

Latest Funding Round

Seed, May 30, 2025, $*****

Investors

Ares Capital Corporation & 4 more

Ranked

3^rd among 378 active competitors

Employee Count

23,076 as on Jul 31, 2026

Investment & Acquisitions

Humata & 9 more

Similar Companies

Infinx & 435 more

Exit Details

Acquired by CD&R (Nov 19, 2024)

View R1 RCM's full profile

R1 RCM is associated with 5 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
R1 RCM INC. /DE CIN: 1910851 , United States, Active		$1B+ (As on Dec 31, 2023)	-	-
R1 RCM GLOBAL PRIVATE LIMITED CIN: U74900DL2009PTC187041 , India, Active	Jan 28, 2009	₹1,000+ Cr (As on Mar 31, 2025)	16445 (As on May 31, 2024)
R1, Inc. CIN: 1721919 , United States, Active		$1 - $1M (As on Nov 13, 2017)	-	-
R1 CIN: 40003479731 , Latvia, Active	Feb 09, 2000	€1M - €10M (As on Dec 31, 2024)	23 (As on Dec 31, 2023)	-
R1 Rcm Inc. CIN: 1472595 , United States, Active	Jan 03, 2022	$1B+ (As on Dec 31, 2021)	-	-

R1 RCM got acquired by CD&R on Nov 19, 2024.

Click here to take a look at R1 RCM's acquisition in detail

R1 RCM has raised funding over 3 rounds. Its first funding round was on 2018. Its latest funding round was a Seed round on May 30, 2025 for $*****. 1 investor participated in its latest round. R1 RCM has 5 institutional investors.

Here is the list of recent funding rounds of R1 RCM:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 30, 2025	7174768	Seed	6087165	9839405	1913188	5472668
Jan 2025	4145453	PE	4276319	8363721	5376034	Kedaara
2018	6417	Conventional Debt	3913	6017	8794	Ares Capital Corporation

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View details of R1 RCM's funding rounds and investors

The founders of R1 RCM is Mary Tolan. Lee Rivas is the CEO of R1 RCM.

Here are the details of R1 RCM's key team members:

Mary Tolan: Co-Founder of R1 RCM and founder of 1 other company.
Contact Info: 1 email address
Lee Rivas: CEO of R1 RCM.

R1 RCM's Board of Directors

R1 RCM's board has 1 active member. Mark Birdine is independent board member.

Here is the list of R1 RCM's board of directors:

Name	Type	Representing	Status	Duration
Mark Birdine	Independent board member	-	Current	8y 9m

View details of R1 RCM's Founder profiles and Board Members

R1 RCM's employee count trend

R1 RCM has 23,076 employees as of Jul 26. Here is R1 RCM's employee count trend over the years:

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Top competitors of R1 RCM include Infinx, Medusind and Commure. Here is the list of Top 10 competitors of R1 RCM, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Infinx 2010, Spring (United States), Series D	Provider of platform for revenue cycle management	$186M	Norwest, Norwest Venture Partners & 3 others	69/100
2nd	Medusind 2002, Miami (United States), Acquired	Provider of medical and dental revenue cycle management service solutions	-	H.I.G. Private Equity, SAB Holding & 22 others	68/100
3rd	R1 RCM 2003, Chicago (United States), Acquired	Provider of AI-driven solutions for healthcare revenue cycle management and operations	-	Ares Capital Corporation, Kedaara & 3 others	66/100
4th	Commure 2016, Mountain View (United States), Series E	Provider of artificial intelligence software for healthcare revenue cycle management	$623M	Human Capital, Greenoaks & 14 others	65/100
5th	GeBBS 2005, East Haven (United States), Acquired	Provider of technology-enabled revenue cycle management and risk adjustment services for healthcare organizations	-	-	65/100
6th	Xifin 1997, San Diego (United States), Acquired	Cloud-based billing & revenue cycle management solutions for diagnostic service providers	$6M	Windward Ventures, Goldman Sachs & 5 others	63/100
7th	Janus AI 2020, Chicago (United States), Series B	AI and SaaS-based revenue cycle management tool for healthcare providers	$64M	Enhanced Healthcare Partners, Ensemble Health Partners ... & 3 others	62/100
8th	Camber 2021, United States, Series B	Developer of revenue cycle management software for healthcare specialty providers	$50M	Andreessen Horowitz, Zigg Capital & 5 others	60/100
9th	Waystar 2000, Duluth (United States), Public	AI-powered healthcare revenue cycle management solutions for financial and operational success	-	Francisco Partners, Columbia Partners & 3 others	59/100
10th	Adonis 2022, Manhattan (United States), Series C	Provider of revenue cycle management services for healthcare industry	$95M	Bling Capital, General Catalyst & 12 others	58/100

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R1 RCM has not made any investments yet. R1 RCM has made 10 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 18, 2026	Acquisition	Humata	2023	Winter Park (United States)
Nov 06, 2023	Acquisition	Acclara Solutions	2005	Houston (United States)
Jan 10, 2022	Acquisition	Cloudmed	2007	Atlanta (United States)