This press release includes information that may constitute “forward-looking statements,” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. services ranging from patient registration to bill collection, to healthcare providers, is one of the beneficiaries of healthcare providers outsourcing front-end services. After submitting your information, you will receive an email. Fourth Quarter 2018 Results: Revenue of $262.9 million, up $122.6 million and 87.4% compared to the same period last year GAAP … CHICAGO, Nov. 05, 2019 -- R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-enabled revenue cycle management services to healthcare providers, today announced results. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Tables 4 through 9 present a reconciliation of GAAP financial measures to non-GAAP financial measures, including adjusted EBITDA. R1’s proven and scalable operating models seamlessly complement a healthcare organization’s infrastructure, quickly driving sustainable improvements to net patient revenue and cash flows while reducing operating costs and enhancing the patient experience. For 2019, R1 expects to generate: Revenue of between $1,175 million and $1,200 million GAAP operating income of $55 million to $70 million Adjusted EBITDA of $165 to $170 million; Conference Call and Webcast Details “2019 was an excellent year for R1. Such forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. R1’s management team will host a conference call today at 8:00 a.m. Eastern Time to discuss its financial results and business outlook. CHICAGO, Feb. 20, 2020 (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 and year ended December 31, 2019. With a strong performance in the third quarter, we remain confident in our ability to deliver on our performance and growth goals for the full year,” added Richard Evans, Interim Chief Financial Officer and Chief Accounting Officer. R1 RCM Reports Third Quarter 2019 Results CHICAGO, Nov. 05, 2019 (GLOBE NEWSWIRE) -- R1 RCM Inc. (NASDAQ: RCM), a leading provider of technology-enabled revenue … BRENTWOOD, Tenn. and CHICAGO, Oct. 28, 2020 (GLOBE NEWSWIRE) -- R1 RCM Inc. (NASDAQ:RCM), a leader in technology-enabled revenue cycle management (RCM) services to … For 2019, R1 expects to generate: Revenue of between $1,150 million and $1,250 million ; GAAP operating income of $45 million to $65 million Relative to Q3 2019, revenue was up $12.8 million, driven primarily by the onboarding of the Quorum Health contract. R1 is the leading provider of technology-enabled RCM services for hospitals, health systems and physician groups. To receive notifications via email, enter your email address and select at least one subscription below. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. A live webcast and replay of the call will be available at the Investor Relations section of the Company’s web site at ir.r1rcm.com. 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. R1’s management team will host a conference call today at 8:00 a.m. Eastern Time to discuss its financial results and business outlook. R1 RCM, a revenue cycle management service provider for healthcare organizations, saw revenue increase in the third quarter of this year, ... down from $9.2 million in the third quarter of 2019. Our board and management team use adjusted EBITDA as (i) one of the primary methods for planning and forecasting overall expectations and for evaluating actual results against such expectations and (ii) a performance evaluation metric in determining achievement of certain executive incentive compensation programs, as well as for incentive compensation programs for employees. Adjusted EBITDA is defined as GAAP net income before net interest income/expense, income tax provision/benefit, depreciation and amortization expense, share-based compensation expense, expense arising from debt extinguishment, strategic initiatives costs, transitioned employee restructuring expense, digital transformation office expenses, and certain other items. We added $4.1 billion in new net patient revenue under management from a diverse customer base, and our continued focus on operational execution drove meaningful bottom-line growth. R1’s proven and scalable operating models seamlessly complement a healthcare organization’s infrastructure, quickly driving sustainable improvements to net patient revenue and cash flows while reducing operating costs and enhancing the patient experience. 401 North Michigan Ave, Suite 2700 R1 RCM Inc. Consolidated Statements of Operations (Unaudited) (In millions, except share and per share data) Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019: Net operating fees $ 287.8 $ 252.9 $ 568.7 $ 494.2 Incentive fees: 1.3 17.4 18.1 29.6 Other: 25.6 24.7 48.4 47.1 Net services revenue: 314.7 295.0 Revenue can be defined as the amount of money a … (1) Loss on debt extinguishment represents the loss associated with the repayment of the credit agreement and subordinated notes in June 2019. Chicago, IL 60611 R1 RCM Inc. (RCM) Q1 2019 Earnings Call Transcript RCM earnings call for the period ending March 31, 2019. ATIF RAHIM | SVP Investor Relations & The 'accelerating challenge around patient needs' calls for new technology and automation, but on a personal level. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. ATIF RAHIM | SVP Investor Relations & To participate, please dial 866-393-4306 (734-385-2616 outside the U.S. and Canada) using conference code number 4276889. “I’m proud of our team’s steady focus on execution and delivering on our customer commitments, which is driving our financial results. Adjusted EBITDA is defined as GAAP net income before net interest income/expense, income tax provision/benefit, depreciation and amortization expense, share-based compensation expense, expense arising from debt extinguishment, strategic initiatives costs, transitioned employee restructuring expense, digital transformation office expenses, facility exit costs, and certain other items. Forward-looking statements relate to future, not past, events and often address our expected future growth, plans and performance or forecasts. “2019 was an excellent year for R1. CHICAGO, Nov. 05, 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 September 30, 2019. In order to provide a more comprehensive understanding of the information used by R1’s management team in financial and operational decision making, the Company supplements its GAAP consolidated financial statements with certain non-GAAP financial performance measures, including adjusted EBITDA and net debt. Forward-looking statements relate to future, not past, events and often address our expected future growth, plans and performance or forecasts. This press release includes information that may constitute “forward-looking statements,” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “We remain focused on operational execution to deliver on our financial goals for 2020, while making investments to drive growth beyond 2020.”. “We enter 2020 with good momentum across the business. Net debt is defined as debt less cash and cash equivalents, inclusive of restricted cash. Readers are cautioned not to place undue reliance on such forward-looking statements. 2019 Outlook. BRENTWOOD, TN and CHICAGO – October 28, 2020 – R1 RCM Inc. (NASDAQ:RCM), a leader in technology-enabled revenue cycle management (RCM) services to healthcare providers, and LifePoint Health, a national network of hospitals, post-acute services, outpatient centers and providers in more than 80 locations, have entered into a new revenue cycle management agreement that will make R1 … Builds largest digital workforce in healthcare revenue cycle with more than four million automated … Market demand for our offerings continues to grow, and the investments we are making in expanding our functionality and capabilities continue to improve our competitive position and extend our lead in the market.”, “We generated significant earnings growth in 2019, driven by solid execution across our contracted book of business,” added Rick Evans, Interim Chief Financial Officer and Chief Accounting Officer. These forward-looking statements are often identified by the use of words such as “anticipate,” “believe,” “designed,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “will,” or “would,” and similar expressions or variations, although not all forward-looking statements contain these identifying words. At the same time, we made significant investments in technology and mobilized our physician offering to capture the market opportunity ahead of us,” said Joe Flanagan, President and Chief Executive Officer of R1. In order to provide a more comprehensive understanding of the information used by R1’s management team in financial and operational decision making, the Company supplements its GAAP consolidated financial statements with certain non-GAAP financial performance measures, including adjusted EBITDA and net debt. To participate, please dial 866-393-4306 (734-385-2616 outside the U.S. and Canada) using conference code number 7479427. See more R1 RCM reviews by location Discussion topics at R1 RCM Work from home Explore work from home during COVID-19, remote work support and work-life balance. Net debt is defined as debt less cash and cash equivalents, inclusive of restricted cash. We added $4.1 billion in new net patient revenue under management from a diverse customer base, and our continued focus on operational execution drove meaningful bottom-line growth. Weighted average shares used in calculating net income (loss) per common share: Adjustments to reconcile net income (loss) to net cash provided by (used in) operations: Changes in operating assets and liabilities: Accounts receivable and related party accounts receivable, Customer liabilities and customer liabilities - related party, Net cash provided by (used in) operating activities, Purchases of property, equipment, and software, Acquisition of Intermedix, net of cash acquired, Issuance of senior secured debt, net of discount and issuance costs, Issuance of subordinated notes, net of discount and issuance costs, Payment of debt issuance costs related to the Senior Revolver, Repayment of subordinated notes and prepayment penalty, Issuance of common stock and stock warrants, net of issuance costs, Net cash (used in) provided by financing activities, Effect of exchange rate changes in cash, cash equivalents and restricted cash, Net increase in cash, cash equivalents and restricted cash, Cash, cash equivalents and restricted cash, at beginning of period, Cash, cash equivalents and restricted cash, at end of period, Selling, general and administrative (non-GAAP), Strategic initiatives, DTO, severance and other costs, Revenue of $301.2 million, up $50.8 million and 20.3% compared to the same period last year, GAAP net income of $9.2 million, compared to net loss of $13.4 million in the same period last year, Adjusted EBITDA of $48.9 million, up $28.5 million compared to the same period last year, Revenue of between $1,175 million and $1,200 million, GAAP operating income of $55 million to $70 million. ’ services, i.e, up from $ 869 million the previous year on forward-looking. 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