About R1 RCM
R1 RCM is a leading revenue cycle management company that has been transforming healthcare financial operations for over two decades. The company partners with 95 of the top 100 US health systems, delivering comprehensive solutions that combine deep operational expertise with cutting-edge AI technology. R1's mission is to make healthcare work better for all by addressing the complex challenges of revenue cycle management through innovation and automation. The company has introduced Phare, healthcare's first Revenue Operating System, which represents a fundamental shift in how revenue cycle operations are managed. Phare uses an agentic AI approach with orchestration agents that seamlessly route work between specialist AI agents and human experts across the entire revenue cycle. The platform is built on 20 years of decisions, actions, and outcomes data, with 280 million transactions annually informing its decision-making processes. R1 offers three core enterprise products: Phare Access for patient intake and verification, Phare Claim for automated coding and claim optimization, and Phare Flow for accelerated payment follow-up and denial management. The company provides two engagement models: Operating Partnerships for comprehensive transformation with workforce transition to R1, and Agentic Solutions for organizations wanting R1's technology while maintaining operational ownership. R1 also operates R37, its dedicated AI innovation lab, which develops and scales AI solutions aimed at achieving comprehensive automation and real-time claim adjudication. The company serves health systems, physician practices across 70+ specialties, and rural/community hospitals.
Mission & Story
Mission
Our mission is to make healthcare work better for all
Founding Story
R1 established the first tech-enabled end-to-end revenue cycle management model and launched its first RCM standards playbook and analytics platform. In the late 2010s, R1 became an automation pioneer, launching a Digital Transformation Office that added over 5,000 digital FTEs. The company transitioned to private ownership and allocated significant capital to launch the R37 AI innovation lab to bring the agentic revenue cycle to life.
Who It Serves
Milestones & Awards
Recent Milestones
Launched Phare as healthcare's first Revenue Operating System. Launched Phare Audit for AI-native reimbursement capture. Announced strategic partnership with Sierra. Transitioned to private company with significant capital allocation to R37 AI innovation lab.
Key Partnerships
Social & Media
Latest Updates
Company Details
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