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R1 RCM Inc. reported its First Quarter 2024 Results showcasing a revenue of $603.9 million, a 10.7% increase compared to the same period last year. Despite a GAAP net loss of $35.1 million, the Company had an Adjusted EBITDA of $152.2 million. The results were affected by the Change Healthcare cyberattack and a modular customer bankruptcy. The CEO, Lee Rivas, highlighted the company's technology platform and global scale. The updated outlook for 2024 includes revenue expectations of $2.60 billion to $2.64 billion, GAAP operating income of $85 million to $105 million, and Adjusted EBITDA of $625 million to $650 million.
R1 RCM Inc. will be presenting at the 2024 Bank of America Securities Health Care Conference on May 16, 2024. The company is known for providing technology-driven solutions to improve healthcare providers' patient experience and financial performance. The presentation will be available via live audio webcast on the company's Investor Relations website, with a replay option for 90 days.