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Stock impact report

R1 RCM Reports First Quarter 2024 Results [Yahoo! Finance]

R1 RCM Inc. (RCM) 
Last r1 rcm inc. earnings: 2/20 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
that transform the financial performance and patient experience for health systems, hospitals, and physician groups, today announced results for the three months ended March 31, 2024 and updated full year 2024 outlook. First Quarter 2024 Results: Revenue of $603.9 million, up $58.3 million or 10.7% compared to the same period last year. GAAP net loss of $35.1 million, compared to net income of $1.6 million in the same period last year. Adjusted EBITDA of $152.2 million, compared to adjusted EBITDA of $142.2 million in the same period last year. The quarter reflects impacts of the Change Healthcare cyberattack totaling $9.5 million for revenue and adjusted EBITDA as well as additional impact from a modular customer bankruptcy. “First quarter results reflect the strength and flexibility of our technology platform, our people, and our global scale. While addressing the impact of the Change Healthcare cyberattack, R1 continued to deliver operationally and began the onboarding Show less Read more
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