R1 RCM Holdco Inc. is a healthcare technology company that builds systems to transform the revenue cycle for providers. Its core work focuses on solving administrative inefficiencies in how hospitals and health systems get paid by payers. The company operates with 20 years of operator experience and partners with 95 of the top 100 US health systems.
The company's technology stack involves AI, automation, and real-time adjudication. Its primary product, the Phare platform, is described as a Revenue Operating System that uses agentic AI to align payer and provider incentives and reduce administrative work. R1 also runs R37, a dedicated AI lab focused on developing new automation solutions for the industry.
Scale metrics indicate the company recovers over $6 billion in annual revenue for clients, automates more than 200 million tasks, and achieves a 50% reduction in cost to collect with a yield boost of 5-7%. All listed operations and partnerships are within the United States.
