Blackrock’s 30 Most Important AI Stocks

25. R1 RCM Inc. (NASDAQ:RCM)

Number of Hedge Fund Holders: 33     

R1 RCM Inc. (NASDAQ:RCM) provides technology-driven solutions that transform the patient experience and financial performance of hospitals, health systems, and medical groups. There are several key aspects that contribute to the appeal of this company as a valuable investment opportunity. Firstly, as per the report of the third quarter of 2024, the Adjusted EBITDA was $148.2 million, compared to the adjusted EBITDA of $161.5 million in the same period last year. In addition, the revenue was $656.8 million, up $84 million or 14.7% compared to the same period last year. This demonstrates that the integration of AI and automation into R1’s platform continues to drive great results and enhance the operational efficiency of the company. Secondly, the company has integrated Intelligent Automation and Deep Data Analytics into healthcare through proprietary RCM optimization engines that turn complex data into financial and operating performance improvements. Moreover, with the company’s efforts to combine R1’s deep revenue cycle data and expertise with Microsoft’s AzureAI, R1 clients will realize the immediate benefits provided to patients and providers.