Location
Headquarters: Chicago, Illinois, United States, North America
Region: Illinois
Country: US
Continent: North America
About
R1 delivers enterprise-grade AI-powered revenue cycle management for healthcare, offering a real-time adjudication-capable operating system that automates and orchestrates revenue cycle processes across provider organizations. The company emphasizes system-level automation, embedded domain expertise, and compliant governance to reduce denials, accelerate payments, and improve financial performance. Headquartered in Murray, Utah, R1 operates across healthcare payer-provider ecosystems with products like Phare and R37 Lab to transform enterprise revenue operations.
R1 RCM provides enterprise-grade revenue cycle management software and services for healthcare providers, including hospitals and physician groups. The company utilizes AI-powered platforms like Phare to automate billing processes, reduce claim denials, and accelerate payments. Its solutions focus on improving financial performance and patient experience through system-level automation and domain
R1 RCM, Inc
2003
for_profit
active
Industries
Primary Industry: Media & Internet
Categories
Funding & Financials
Private Equity
2400000000
over-1b
ipo
RCM
nasdaq
Investors
Founders
Mary Tolan
Michael Cline
Michael Zimmerman
Leadership
Rick Evans — Interim Chief Financial Officer, Corporate Controller & Chief Accounting Officer
Patrick Osborne — VP of Software Engineering
Chris Ricaurte — Chief Transformation Officer
Vijay Khanna — EVP, Chief Growth Officer
Greg Kazarian — Executive Officer
Mahesh Singh — Sr. Lead Application Development
Estelle Barnes — EVP of Enterprise Customer Engagement
Dan Bise — Executive Vice President of Corporate Development and Strategy
Etienne Deffarges — board_member
Technology Stack
Products
R1 Platform: An AI-powered revenue cycle management platform that integrates data, automation, and analytics to optimize healthcare financial and operational performance.
Revenue Recovery Services: Services that expedite and improve cash collections from payers and patients by managing complex claims and denials.
Revenue Optimization Services: Comprehensive payment review services that identify missed reimbursements and recover underpaid revenue for healthcare providers.
Clinical Integrity Services: Services that improve clinical documentation accuracy and coding specificity to prevent revenue leakage and support timely care delivery.
Regulatory Navigation Services: Technology-enabled services that help healthcare providers capture government reimbursements, optimize 340B program savings, and maintain regulatory compliance.
Funding rounds
Private Equity · (2025-05-28) · Lead: Khosla Ventures
Private Equity · (2024-08-01)
Acquired · (2024-08-01)
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