# R1 RCM

R1 RCM is an Asset Manager based in Chicago, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** 333 N. Green St. Suite 1100, Chicago, IL 60607, United States
- **Assets under management:** Undisclosed
- **Website:** r1rcm.com
- **LinkedIn:** https://www.linkedin.com/company/r1-rcm

## Regulatory record

- **Reports private funds:** No

## About

R1's revenue operating system combines agentic AI and human expertise to improve healthcare revenue, costs and throughput.

## Sectors

- Healthcare Services
- AI/ML
- Enterprise Software

## People

- Joseph Flanagan — Leadership team
- John Sparby — Leadership team
- Chris Hartemayer — Leadership team
- Dave Wojczynski — Leadership team
- Chris Ricaurte — Leadership team
- Andy Brailo — Leadership team
- Steve Albert — Leadership team
- Estelle Barnes — Leadership team
- Lashana Jackson — Leadership team
- Natalie Klotsche — Leadership team
- Logan Johnston — Leadership team
- Sean Radcliffe — Leadership team
- Corey Perman — Leadership team
- Dan Bise — Leadership team
- Abhijeet Pawar — Leadership team
- Cheryl Miller — Leadership team

## Questions

### How does R1 RCM source and deploy capital?

Capital is deployed through the operating business that manages the full revenue cycle for health systems. The model combines upfront investment in automation and AI with recurring revenue from yield improvements and cost reductions. R1 does not operate a traditional fund structure; instead, it enters multiyear operating partnerships where the firm shares in the incremental cash collected.

### What is R37, and why does it matter for investment posture?

R37 is R1's dedicated AI lab that develops reasoning, language, voice and capture models for revenue cycle tasks. It functions as an internal R&D engine that produces the agentic software underpinning the firm's Phare platform. This makes technology development a core competency rather than a capability bought from third parties.

### Who runs investment and operating decisions at R1?

A 16-person leadership team, led by Joseph Flanagan, directs all investment and operating activity. Specific investment committee structures are not disclosed publicly. Day-to-day execution is spread across technology, operations and client partnership leaders who manage the embedded teams inside hospital systems.

### Does R1 RCM invest in external healthcare ventures or just internal capabilities?

The firm's known deployment flows entirely into its own operating model—building Phare product modules, funding the R37 AI lab, and staffing on-site operator teams. The strategic partnership with Sierra signals a willingness to co-develop AI capabilities, but there is no public evidence R1 makes third-party venture investments.

### Which metrics best describe R1’s scale?

The firm reports three headline numbers: over $6 billion in annual revenue recovery processed, more than 200 million tasks automated, and partnerships with 95 of the top 100 US health systems. It also claims a 5–7 percent yield boost and a 50 percent reduction in cost to collect for clients, though those figures lack external audit references.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/r1-rcm

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