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 May 31, 2026, the latest employee count at R1 RCM is 22635.

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 1st amongst 382 active competitors, of which 77 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Adonis, which secured $40M in Mar, 2026.

Who are the top competitors of R1 RCM?

R1 RCM's top competitors include GeBBS, Volantio and Adonis. Among them, Adonis secured the most recent funding round in March, 2026.

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

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

1^st among 382 active competitors

Employee Count

22,635 as on May 31, 2026

Investment & Acquisitions

Acclara Solutions & 8 more

Similar Companies

GeBBS & 458 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	3510185	Seed	4865816	2186127	3580700	1862326
Jan 2025	3033984	PE	9073357	2157350	3752999	Kedaara
2018	6942	Conventional Debt	9206	9738	9096	Ares Capital Corporation

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View details of R1 RCM's funding rounds and investors

The founders of R1 RCM are Michael Cline and Mary Tolan. Lee Rivas is the CEO of R1 RCM.

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

Michael Cline: Founder, Chairman of R1 RCM and founder of 7 other companies, including Stealth Mode Startup Company, Insureon and Everspring.
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 7m

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

R1 RCM's employee count trend

R1 RCM has 22,635 employees as of May 26. Here is R1 RCM's employee count trend over the years:

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Top competitors of R1 RCM include GeBBS, Volantio and Adonis. 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	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
2nd	GeBBS 2005, East Haven (United States), Acquired	Provider of technology-enabled revenue cycle management and risk adjustment services for healthcare organizations	-	-	65/100
3rd	Volantio 2008, Atlanta (United States), Series A	AI-enabled inventory optimization and e-commerce solutions for airlines	$9.35M	Qantas, International Airlines Group & 10 others	64/100
4th	Adonis 2022, Manhattan (United States), Series C	Provider of revenue cycle management services for healthcare industry	$95M	General Catalyst, Bling Capital & 12 others	64/100
5th	Xifin 1997, San Diego (United States), Acquired	Cloud-based billing & revenue cycle management solutions for diagnostic service providers	$6M	Windward Ventures, Avista Healthcare Partners ... & 5 others	63/100
6th	Leapfin 2015, San Mateo (United States), Acquired	Cloud-based revenue analytics & management solutions for businesses	$26.7M	Crosslink Capital, Bowery Capital & 8 others	62/100
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	Infinx 2010, Spring (United States), Seed	Provider of platform for revenue cycle management	-	Norwest, KKR	62/100
9th	Plusgrade 2009, New York City (United States), Series B	Provider of ancillary revenue solutions and loyalty program enhancement technologies	$151M	General Atlantic, TA Associates & 2 others	60/100
10th	Waystar 2000, Duluth (United States), Public	AI-powered healthcare revenue cycle management solutions for financial and operational success	-	Francisco Partners, Columbia Partners & 2 others	59/100

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R1 RCM has not made any investments yet. R1 RCM has made 9 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Nov 06, 2023	Acquisition	Acclara Solutions	2005	Houston (United States)
Jan 10, 2022	Acquisition	Cloudmed	2007	Atlanta (United States)
May 04, 2021	Acquisition	VisitPay	2010	Boise (United States)