R1 RCM Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company's net services revenue was $86.9 million compared to $352.2 million a year ago. Loss from operations was $8.5 million compared to income of $278.7 million a year ago. Loss before income tax provision was $8.4 million compared to income of $278.8 million a year ago. Net loss was $8.3 million or $0.12 per basic and diluted share, compared to income of $167.4 million or $0.85 per basic and diluted share a year ago. Net cash used in operating activities was $27.9 million compared to net cash generated from operating activities was $1.1 million a year ago. Purchases of property, equipment and software were $9.2 million compared with $2.1 million a year ago. Adjusted LBITDA (non-GAAP) was $1.4 million against EBITDA of $298.7 million a year ago.

For 2017, the company currently expects to generate revenue of between $400 million and $425 million; GAAP operating loss of $25 million to $30 million; Adjusted EBITDA of $0 to positive $5 million.