R1 RCM

R1 RCM

Technology-driven revenue cycle management for providers

Overview

R1 RCM provides revenue cycle management solutions for healthcare providers, helping hospitals, health systems, and physician groups manage patient service revenue from registration to denials. It uses technology and automation to streamline front-end, middle, and back-end workflows, aiming to reduce costs and increase net patient revenue while improving the patient experience. The company differentiates by offering end-to-end RCM across the full revenue cycle under long-term contracts with performance-based incentives, consolidating vendors and enabling data-driven insights. Its goal is to reduce administrative waste and improve financial performance so providers can focus more on patient care.

About R1 RCM

Simplify's Rating
Why R1 RCM is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Healthcare

Company Size

10,001+

Company Stage

IPO

Headquarters

Murray, Utah

Founded

2003

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Simplify's Take

What believers are saying

  • UF Health selected R1 in September 2026, validating Phare OS with a flagship system.
  • Hyderabad headcount is growing strongly through 2026, expanding delivery capacity and margin leverage.
  • June 2026 CIO hire Eric Tagliere signals serious AI investment and enterprise modernization.

What critics are saying

  • April 2026 breach exposed billing, insurance, and diagnosis data; OCR scrutiny follows.
  • R1CM remains dependent on hospital contracts; any UF Health or top-system churn hurts hard.
  • Phare OS promises real-time adjudication; failure to prove ROI by 2027 weakens the platform narrative.

What makes R1 RCM unique

  • Phare OS unifies prior auth, coding, denials, and collections across 95 top-100 systems.
  • R1's 600 million annual payer transactions make payer-intelligence feedback loops hard to copy.
  • Humata acquisition deepens agentic AI before-bill automation and real-time payer-provider collaboration.

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Funding

Total Funding

$200M

Above

Industry Average

Funded Over

2 Rounds

Buyout funding comparison data is currently unavailable. We're working to provide this information soon!
Buyout Funding Comparison
Coming Soon

Benefits

Performance Bonus

Professional Development Budget

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
Clayton, Dubilier & Rice
Sep 19th, 2026
R1 RCM to be Acquired by TowerBrook and CD&R for $8.9 Billion — Clayton Dubilier & Rice, LLC | Building Businesses Building Value

We are a global private equity manager that invests in and builds valuable businesses.

Yahoo Finance
Sep 10th, 2026
UF Health partners with R1 to deploy AI-powered revenue cycle platform Phare OS

UF Health has partnered with R1 RCM to implement an AI-powered revenue cycle management system across its operations. The collaboration centres on Phare OS, developed by R1's R37 Innovation Lab, which consolidates revenue cycle workflows into a single platform. The technology combines AI-driven automation with human oversight to improve operational efficiency and financial performance. R37 engineers will work directly with UF Health teams to integrate the system and optimise processes. UF Health, one of the Southeast's largest academic health systems, selected R1 for its revenue cycle expertise and AI capabilities. The partnership aims to reduce administrative complexity whilst allowing clinical staff to focus on patient care. R1 CEO Joe Flanagan described the collaboration as technology-first and outcomes-based, demonstrating the company's ability to deploy solutions rapidly at scale.

HealthTech HotSpot
Aug 19th, 2026
Sterlington advises Humata Health Founder and CEO on acquisition by R1.

Sterlington advises Humata Health Founder and CEO on acquisition by R1. NEW YORK-(BUSINESS WIRE)-Sterlington is advising Jeremy Friese, MD, Founder and Chief Executive Officer of Humata Health (Humata) in connection with the company's acquisition by R1 RCM Inc., a leader in healthcare revenue management. Sterlington is advising the CEO on all aspects of the transaction. Humata is a leading health tech company providing AI-powered, touchless prior authorization solutions for health systems, payers, and patients. Its mission is to make prior authorization easy and seamless for providers, payers, and patients. The Sterlington team was led by Executive Compensation partner Jeremy Goldstein, Corporate partner Christopher Harrison, Executive Compensation partner Audry Casusol, and Corporate partner Michael Gilligan. This transaction marks Sterlington's latest healthcare-sector engagement, following Designs for Health, Florida Cancer Specialists & Research Institute, and Avanos Medical. About Sterlington Sterlington PLLC is a full-service law firm focusing on complex corporate, litigation, executive compensation, and private wealth matters. As a firm, HealthTech HotSpot LLC focus on the economic as well as the legal aspects of its matters. Among other strengths, Sterlington is the ultimate law firm for founders, senior executives, and UHNWIs as well as their related businesses.

Yahoo Finance
Aug 18th, 2026
R1 to acquire Humata Health, adding AI-powered prior authorisation automation to Phare OS

R1 RCM has entered into an agreement to acquire Humata Health, a leader in AI-powered prior authorisation automation. The acquisition will enhance R1's Phare Operating System, expanding its AI capabilities to help healthcare providers reduce administrative complexity and improve financial outcomes. Prior authorisations are a leading cause of denials and frustration for health systems, clinicians, and patients. A recent KFF survey found one-third of insured adults identified prior authorisation as the biggest burden when accessing healthcare. Humata's solution enables providers to achieve up to a 96% first-pass approval rate whilst reducing write-offs by 30%, rescheduled appointments by 83%, and staff touches by 45%. The technology will integrate with Phare OS to support real-time authorisations and deeper collaboration between payers and providers.

R1 RCM
Jul 15th, 2026
Building the foundations of financial and clinical success.

Building the foundations of financial and clinical success. Date 07/15/2026 How Lincoln Health targets stable growth to power investment. Lincoln Health is on a mission to serve its communities, and for the system's 70-year-old hospital in Hugo, Colorado that means modernizing and building new facilities. But for a rural health system operating on limited resources, that can be a daunting challenge. Learn how Lincoln Health chose to partner with R1 to improve their overall financial performance and stability, and why the relationship is a cornerstone of their strategy for capital improvement.

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