
R1 Acquires Phare Health to Advance AI in Revenue Cycle
Key highlights
- R1 to acquire AI-native healthcare tech firm Phare Health
- Phare's platform enables context-aware inpatient coding
- Integration boosts R1’s R37 lab capabilities in autonomous coding
- Expected to accelerate real-time adjudication of claims
- 97% accuracy already achieved in select AI coding applications
Source: Direct
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