R1 RCM - About the company
R1 RCM is an acquired company based in Chicago (United States), founded in 2003 by Michael Cline and 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 792 active competitors, including 96 funded and 122 that have exited. Its top competitors include companies like RateGain, Xifin and Volantio.
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
Investors
Ranked
1st among 792 active competitors
Annual Revenue
$2.25B as on Dec 31, 2023
Employee Count
22,164 as on Mar 31, 2026
Investment & Acquisitions
Exit Details
Acquired by CD&R (Nov 19, 2024)
Legal entities associated with R1 RCM
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 | $2.25B (As on Dec 31, 2023) | - | - | |
R1 RCM GLOBAL PRIVATE LIMITED CIN: U74900DL2009PTC187041 , India, Active | Jan 28, 2009 | $225M (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 | $1.92M (As on Dec 31, 2024) | 23 (As on Dec 31, 2023) | - |
R1 Rcm Inc. CIN: 1472595 , United States, Active | Jan 03, 2022 | $1.47B (As on Dec 31, 2021) | - | - |
R1 RCM's acquisition details
R1 RCM got acquired by CD&R on Nov 19, 2024.
Click here to take a look at R1 RCM's acquisition in detail
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R1 RCM's funding and investors
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 3 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 | 1583214 | Seed | 2810460 | 5585390 | 9566945 | 9611803 |
Jan 2025 | 1484568 | PE | 1546675 | 2762316 | 8817847 | |
2018 | 6152 | Conventional Debt | 1038 | 1846 | 3058 |
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R1 RCM's founders and board of directors
Founder? Claim ProfileHere are the details of R1 RCM's key team members:
- Michael Cline: Founder, Chairman of R1 RCM.
- 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 |
|---|---|---|---|---|
Independent board member | - | Current | 8y 4m |
View details of R1 RCM's Founder profiles and Board Members
R1 RCM's employee count trend
R1 RCM has 22,164 employees as of Mar 26. Here is R1 RCM's employee count trend over the years:
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R1 RCM's Competitors and alternates
Top competitors of R1 RCM include RateGain, Xifin and Volantio. Here is the list of Top 10 competitors of R1 RCM, ranked by Tracxn score:
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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 | - | 69/100 | |
2nd | RateGain 2004, London (United Kingdom), Public | SaaS-driven revenue and operations management solution provider for the hospitality industry | $64.9M | 69/100 | |
3rd | Xifin 1997, San Diego (United States), Acquired | Cloud-based billing & revenue cycle management solutions for diagnostic service providers | $6M | 67/100 | |
4th | Volantio 2008, Atlanta (United States), Series A | AI-enabled inventory optimization and e-commerce solutions for airlines | $9.35M | 65/100 | |
5th |  Adonis 2022, Manhattan (United States), Series B | Provider of revenue cycle management services for healthcare industry | $54M | 64/100 | |
6th |  Thoughtful 2020, Chicago (United States), Series A | AI-powered healthcare administration platform to automate tasks | $20M | 63/100 | |
7th | Zentist 2015, San Francisco (United States), Series A | Provider of billing solutions for dentists | $14M | 62/100 | |
8th | iMedX 2002, Atlanta (United States), Acquired | RCM and clinical documentation solutions optimizing healthcare revenue and patient care | $22.3M | 61/100 | |
9th |  Janus AI 2020, Chicago (United States), Series B | AI and SaaS-based revenue cycle management tool for healthcare providers | $64M | 61/100 | |
10th | AKASA 2018, San Francisco (United States), Series B | Provider of revenue cycle automation platform for healthcare | $85M | 61/100 |
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R1 RCM's Investments and acquisitions
R1 RCM has not made any investments yet. R1 RCM has made 9 acquisitions.Here is the list of latest three $acquisitions:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Nov 06, 2023 | Acquisition | 2005 | Houston (United States) | |
Jan 10, 2022 | Acquisition | 2007 | Atlanta (United States) | |
May 04, 2021 | Acquisition | 2010 | Boise (United States) |
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Reports related to R1 RCM
Here is the latest report on R1 RCM's sector:
News related to R1 RCM
Filter this listMedia has covered R1 RCM for a total of 11 events in the last 1 year, 3 of them have been about people movement and 2 about partnerships.
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R1 and Heidi Announce Strategic Partnership to Improve AccessibilityGlobeNewswire•Mar 11, 2026•Heidi, R1 RCM
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NuvemRx Acquires par8o 340B Referral Capture Business from R1 RCMHIT Consultant•Feb 02, 2026•R1 RCM, NuvemRx
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R1 Welcomes Estelle Barnes to Lead Enterprise Customer Engagement and PartnershipsGlobeNewswire•Oct 28, 2025•R1 RCM
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R1 Announces Strategic Partnership with Sierra to Revolutionize AI-Driven Experiences in HealthcareGlobeNewswire•Oct 20, 2025•Sierra, R1 RCM
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R1 to Acquire Phare Health, AI Platform for Automating Inpatient CodingBenzinga•Oct 14, 2025•Phare Health, R1 RCM
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Rokos Group Recruiting CFO for Keck Medicine of USCHunt Scanlon•Aug 01, 2025•Rokos Group, R1 RCM, Keck Medicine
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Fortinet Expands Sunnyvale Footprint with Discounted Building AcquisitionThe Business Journals•Jun 03, 2025•Fortinet, R1 RCM
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