R1 RCM, a revenue cycle management service provider for healthcare organizations, saw its revenue increase to $342.6 million in the first quarter of 2021, a 6.9 percent increase compared to the same period last year.
After factoring in expenses, fees and other costs, the company ended the first quarter of 2021 with a profit of $25.8 million, a 41.8 percent increase compared to the same period last year.
For full year 2021, the company expects revenue of $1.41 billion to $1.46 billion.