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R1 RCM releases FY'18 guidance

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R1 RCM releases FY'18 guidance

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.