R1 exists to solve one of healthcare's most costly inefficiencies: the broken revenue cycle that drains $500 billion annually from the system through administrative waste, delayed payments, and preventable denials. Hospitals and health systems struggle with fragmented processes, complex payer requirements, and manual workflows that delay cash flow and divert resources from patient care. R1's mission is to make healthcare work better for all by building technology that transforms how providers get paid - so they can focus on what matters most: delivering care to their communities.
With 20 years of operator experience and partnerships with 95 of the top 100 US health systems, R1 combines deep domain expertise with enterprise-grade AI and automation to deliver measurable outcomes: 5-7% yield boosts, 50% reduction in cost to collect, $6B+ in annual revenue recovery, and 200M+ tasks automated. Their Phare platform represents healthcare's first Revenue Operating System, using agentic AI to enable real-time adjudication, align payer and provider incentives, and eliminate the administrative drag that slows modern healthcare down. R37, their dedicated AI lab, continuously develops new solutions to push the industry toward comprehensive automation.