R1 RCM to acquire Phare Health.

R1 RCM, a revenue cycle management partner for hospitals and healthcare systems, agreed to acquire Phare Health, a developer of AI tools to automate administrative tasks and improving coding accuracy within inpatient settings. Financial terms were not disclosed “Our mission has always been to make healthcare reimbursement efficient, transparent and fair. Our platform reasons over a patient’s full medical record, drawing upon guidelines and clinical knowledge to ‘translate’ between two complex languages: clinical and coding. By joining forces with R1, we can bring our mission of fair and frictionless claims to life on a much larger scale,” Dr. Martin Seneviratne, Phare Health Co-Founder and Co-CEO.