R37 Lab, R1 RCM

R1 RCM is a healthcare technology company that builds AI and automation tools to transform revenue cycle management for medical providers. The company aims to help healthcare organizations get paid faster, reduce administrative waste, and improve financial performance. With two decades of operator experience, R1 works with 95 of the top 100 US health systems.

Central to R1's approach is the Phare platform, described as healthcare's first Revenue Operating System. It uses agentic AI to enable real-time adjudication, align payer and provider incentives, and eliminate administrative inefficiency. The R37 Lab serves as a dedicated AI research unit, continuously developing new solutions to advance the company toward comprehensive automation across the revenue cycle.

R1's technology addresses an industry where an estimated $500 billion is lost annually to system waste. The company reports that its tools automate more than 200 million tasks each year, recovering over $6 billion in annual revenue for clients, with typical yield boosts of 5-7% and cost-to-collect reductions of around 50%. R1 operates within the United States.