{"id":825806,"date":"2025-03-14T07:02:10","date_gmt":"2025-03-14T11:02:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\/"},"modified":"2025-03-14T07:02:10","modified_gmt":"2025-03-14T11:02:10","slug":"r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\/","title":{"rendered":"R1 Launches &#8216;R37&#8217;: An AI Lab to Transform Healthcare Financial Performance in Exclusive Partnership with Palantir"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>R1 Launches &#8216;R37&#8217;: An AI Lab to Transform Healthcare Financial Performance in Exclusive Partnership with Palantir<\/b><\/p>\n<p>MURRAY, Utah &amp; DENVER&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nR1, an industry leader in revenue cycle management (\u201cRCM\u201d) with over 20 years of experience, and Palantir Technologies (NASDAQ:PLTR), a leader in artificial intelligence systems, have partnered to launch R37, an advanced AI lab dedicated to revolutionizing healthcare financial performance. By combining R1\u2019s deep category expertise in payer-provider dynamics and proprietary technology capabilities with Palantir\u2019s cutting-edge AI tools, the lab will develop intelligent automation solutions to address the most pressing challenges in healthcare reimbursement at an impressive speed and scale.\n<\/p>\n<p>\nAdministrative costs now account for more than 40% of U.S. hospital expenses, with over $160 billion spent annually on RCM. As providers face escalating economic pressures and complex payer relationships, AI-native solutions have become a necessity. R37 will drive comprehensive automation in revenue cycle operations, reengineering labor-intensive processes such as coding, billing, and denials management to significantly improve efficiency, accuracy, and cash flow for healthcare organizations.\n<\/p>\n<p>\nR1\u2019s extensive reach\u2014serving 94 of the top 100 U.S. health systems\u2014uniquely positions it to transform RCM. R1 has been supporting automated revenue cycle workflows at scale across the largest repository of proprietary RCM structured and unstructured data. The repository includes: 180 million+ annual payer transactions, 550 million annual patient encounters, 20,000 proprietary payment algorithms, and 1.2 billion annual workflow actions. By integrating Palantir\u2019s AI tools and capabilities with R1\u2019s existing technology and domain expertise, R37 can unlock faster, more precise scalable reimbursement outcomes.\n<\/p>\n<p>\n\u201cR1 is thrilled to partner with Palantir to bring the transformational power of agentic AI to the revenue cycle through R37,\u201d said Joe Flanagan, CEO of R1. \u201cWith our leading experts in reimbursement and history of automation, this lab will further accelerate investments on behalf of providers and create a new revenue cycle that delivers a faster, frictionless, and more transparent financial experience for both providers and patients.\u201d\n<\/p>\n<p>\n&#8220;R1 brings unmatched ambition to an area of healthcare that desperately needs it,\u201d said Alex Karp, co-founder and CEO of Palantir Technologies. \u201cBy embedding our engineers directly within R1\u2019s operations, we can rapidly scale intelligent automation and drive measurable impact at speed\u2014ultimately enabling providers to focus on delivering better patient care.\u201d\n<\/p>\n<p>\nThe lab has been operational for months and has been producing AI-powered agentic applications that are already driving transformational benefits in initial batch testing. R1 expects to deploy comprehensive \u2018agentic RCM worker\u2019 solutions to a group of enterprise customers in the second half of 2025.\n<\/p>\n<p><b>About R1<\/b><\/p>\n<p>\nR1 is a leading provider of technology-driven solutions that transform the financial performance and patient experience for health systems, hospitals, and physician groups. R1\u2019s proven and scalable operating models seamlessly complement a healthcare organization\u2019s infrastructure, quickly driving sustainable improvements to net patient revenue and cash flows while driving revenue yield, reducing operating costs, and enhancing the patient experience. To learn more, visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.r1rcm.com%2F&amp;esheet=54224039&amp;newsitemid=20250314502212&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.r1rcm.com&amp;index=1&amp;md5=d620d5357f48edf672f97db05e1322d9\">https:\/\/www.r1rcm.com<\/a>.\n<\/p>\n<p><b>About Palantir Technologies Inc.<\/b><\/p>\n<p>\nFoundational software of tomorrow. Delivered today. Additional information is available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.palantir.com&amp;esheet=54224039&amp;newsitemid=20250314502212&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.palantir.com&amp;index=2&amp;md5=1ed78efe8d3aa021ffec9b58e706eb0a\">https:\/\/www.palantir.com<\/a>.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir\u2019s expectations regarding the amount and the terms of a contract and the expected benefits of Palantir\u2019s software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond Palantir\u2019s control. These risks and uncertainties include the ability to meet the unique needs of customers; the failure of Palantir\u2019s platforms to satisfy customers or perform as desired; the frequency or severity of any software and implementation errors; Palantir\u2019s platforms\u2019 reliability; and customers\u2019 ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings Palantir makes with the Securities and Exchange Commission from time to time. Except as required by law, Palantir does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250314502212r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250314502212\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250314502212\/en\/<\/a><\/span><\/p>\n<p><b>R1 Contact<br \/>\n<\/b><br \/>Yancey Casey<br \/>\n<br \/>Amendola Communications<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ycasey@acmarketingpr.com\">ycasey@acmarketingpr.com<\/a><\/p>\n<p>\nWill Reilly<br \/>\n<br \/>VP, Growth Marketing<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:reilly@r1rcm.com\">reilly@r1rcm.com<\/a><\/p>\n<p><b>Palantir Contact<br \/>\n<\/b><br \/>Lisa Gordon<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:media@palantir.com\">media@palantir.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Utah Colorado<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Software Professional Services Fintech Data Management Payments Technology Hospitals Artificial Intelligence Health Insurance Practice Management Finance Health<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250314502212\/en\/1872898\/3\/Palantir_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>R1 Launches &#8216;R37&#8217;: An AI Lab to Transform Healthcare Financial Performance in Exclusive Partnership with Palantir MURRAY, Utah &amp; DENVER&#8211;(BUSINESS WIRE)&#8211; R1, an industry leader in revenue cycle management (\u201cRCM\u201d) with over 20 years of experience, and Palantir Technologies (NASDAQ:PLTR), a leader in artificial intelligence systems, have partnered to launch R37, an advanced AI lab dedicated to revolutionizing healthcare financial performance. By combining R1\u2019s deep category expertise in payer-provider dynamics and proprietary technology capabilities with Palantir\u2019s cutting-edge AI tools, the lab will develop intelligent automation solutions to address the most pressing challenges in healthcare reimbursement at an impressive speed and scale. Administrative costs now account for more than 40% of U.S. hospital expenses, with over $160 billion spent annually on &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;R1 Launches &#8216;R37&#8217;: An AI Lab to Transform Healthcare Financial Performance in Exclusive Partnership with Palantir&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-825806","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>R1 Launches &#039;R37&#039;: An AI Lab to Transform Healthcare Financial Performance in Exclusive Partnership with Palantir - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"R1 Launches &#039;R37&#039;: An AI Lab to Transform Healthcare Financial Performance in Exclusive Partnership with Palantir - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"R1 Launches &#8216;R37&#8217;: An AI Lab to Transform Healthcare Financial Performance in Exclusive Partnership with Palantir MURRAY, Utah &amp; DENVER&#8211;(BUSINESS WIRE)&#8211; R1, an industry leader in revenue cycle management (\u201cRCM\u201d) with over 20 years of experience, and Palantir Technologies (NASDAQ:PLTR), a leader in artificial intelligence systems, have partnered to launch R37, an advanced AI lab dedicated to revolutionizing healthcare financial performance. By combining R1\u2019s deep category expertise in payer-provider dynamics and proprietary technology capabilities with Palantir\u2019s cutting-edge AI tools, the lab will develop intelligent automation solutions to address the most pressing challenges in healthcare reimbursement at an impressive speed and scale. Administrative costs now account for more than 40% of U.S. hospital expenses, with over $160 billion spent annually on &hellip; Continue reading &quot;R1 Launches &#8216;R37&#8217;: An AI Lab to Transform Healthcare Financial Performance in Exclusive Partnership with Palantir&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-14T11:02:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250314502212r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"R1 Launches &#8216;R37&#8217;: An AI Lab to Transform Healthcare Financial Performance in Exclusive Partnership with Palantir\",\"datePublished\":\"2025-03-14T11:02:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\\\/\"},\"wordCount\":837,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250314502212r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\\\/\",\"name\":\"R1 Launches 'R37': An AI Lab to Transform Healthcare Financial Performance in Exclusive Partnership with Palantir - 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By combining R1\u2019s deep category expertise in payer-provider dynamics and proprietary technology capabilities with Palantir\u2019s cutting-edge AI tools, the lab will develop intelligent automation solutions to address the most pressing challenges in healthcare reimbursement at an impressive speed and scale. Administrative costs now account for more than 40% of U.S. hospital expenses, with over $160 billion spent annually on &hellip; Continue reading \"R1 Launches &#8216;R37&#8217;: An AI Lab to Transform Healthcare Financial Performance in Exclusive Partnership with Palantir\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-14T11:02:10+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250314502212r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"R1 Launches &#8216;R37&#8217;: An AI Lab to Transform Healthcare Financial Performance in Exclusive Partnership with Palantir","datePublished":"2025-03-14T11:02:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\/"},"wordCount":837,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250314502212r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/r1-launches-r37-an-ai-lab-to-transform-healthcare-financial-performance-in-exclusive-partnership-with-palantir\/","name":"R1 Launches 'R37': An AI Lab to Transform Healthcare Financial Performance in Exclusive Partnership with Palantir - 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