R1 RCM Inc. released its preliminary financial outlook for 2018 and its results for the fourth quarter and full year 2017.
The company expects revenue of between $850 million and $900 million and a GAAP operating loss in the range of $30 million to $55 million.
R1 RCM reported a net loss of $40.2 million, or a net loss of 44 cents per share, in the fourth quarter of 2017, compared to net income of $13.2 million, or 65 cents per share, in the prior-year quarter.
For full year 2017, the company recorded a net loss of $58.8 million, or a net loss of 75 cents per share, as opposed to net income of $177.1 million, or 65 cents per share, in 2016.
