Intermedix
Intermedix (R1 RCM) provides AI-powered revenue cycle management solutions, including its Phare agentic platform, to healthcare providers, government agencies, and corporations via enterprise operating partnerships and professional services engagements.
- Company typePublic
- Founded2002
- HeadquartersFort Lauderdale, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
Intermedix firmographics
Firmographics- Name
- Intermedix
- Legal name
- R1
- Website
- https://intermedix.com
- Company type
- Public
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Intermedix (R1 RCM) provides AI-powered revenue cycle management solutions, including its Phare agentic platform, to healthcare providers, government agencies, and corporations via enterprise operating partnerships and professional services engagements.
- Ownership category
- akta.pro rank
Intermedix industry classification
Industry- Product category
- Healthcare Revenue Cycle Management Software and Services
- NAICS
- Computer Systems Design and Related Services (5415), Custom Computer Programming Services (541511), Computer Systems Design Services (541512)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Hospital & Medical Service Plans (6324), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Revenue Cycle, Coding & Telehealth Compliance Platforms (for provider orgs) (HLALABAM)
- akta.pro secondary industries
- Payer-Provider Data Exchange (X12, prior auth, claims/clinical attachment) (HLACABAK), Cross-Organization Care Coordination & Referral Interoperability (ADT, eReferrals, transitions of care) (HLACABAO)
Keywords
Where Intermedix is headquartered
LocationHeadquarters
- HQ city
- Fort Lauderdale
- HQ country
- United States
- HQ region
- North America
Markets served
Intermedix business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Operating Partnerships: Long-term engagements where R1 manages revenue cycle operations and employees for healthcare providers, leveraging two decades of experience as operators and revenue cycle pioneers.
- Agentic Solutions: Expert R1 engineers partner with customers to integrate, implement and curate AI agents, maximizing performance over time.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels8 records
Intermedix product offering
Product offeringCore offering
Intermedix delivers technology-enabled services and SaaS solutions to health care providers, government agencies and corporations. Its offerings center on the Phare Revenue Operating System, an agentic AI platform that automates complex revenue cycle work through orchestration agents, specialist AI agents and human oversight, with embedded modules for patient intake (Phare Access), automated coding and claim correction (Phare Claim), and autonomous follow-up on remits, denials and outstanding claims (Phare Flow). The company also operates R37 Lab, its AI research division, and provides enterprise operating partnerships where it manages end-to-end revenue cycle operations for healthcare providers.
Product overview
Intermedix (R1 RCM) offers Phare, a comprehensive Revenue Operating System platform with three integrated AI-powered product modules: Phare Access for patient intake and insurance verification, Phare Claim for automated coding and claim correction, and Phare Flow for payment follow-up and reimbursement acceleration. The platform is built on an agentic AI architecture with orchestration agents routing work between specialist AI agents and humans, powered by 20 years of revenue cycle data (280 million transactions annually). The company also operates R37 Lab, its dedicated AI research division, and provides enterprise engagement models including operating partnerships and agentic solutions.
Differentiator
Problem solved
Functional benefit
Brands
- Phare: Healthcare's first Revenue Operating System - an agentic AI platform that automates complex revenue cycle work through an integrated agentic system with orchestration agents routing work between specialist AI agents and humans
- Phare Product Suite
- R37 Lab
Products and services
- Phare Revenue Operating System An agentic AI platform that automates complex revenue cycle work through an integrated agentic system. Orchestration agents route and pass work between specialist AI agents and humans across the revenue cycle, embedding two decades of revenue cycle expertise into every action. Built for healthcare providers seeking end-to-end revenue cycle automation.
- Phare Access AI-powered patient intake solution that blends AI and intuitive tools to verify insurance, secure authorizations and embed accurate patient data at intake for a seamless self-service experience.
- Phare Claim Automated coding and claim correction solution that automatically codes and corrects claims before submission, significantly reducing denials, cutting manual rework and optimizing payments.
- Phare Flow Payment acceleration solution that optimally handles remits, denials and outstanding claims to accelerate reimbursements autonomously and at scale.
- Enterprise Partnerships Long-term engagement offering where Intermedix manages end-to-end revenue cycle operations and employees for healthcare providers, leveraging two decades of operating experience as operators and revenue cycle pioneers.
- Revenue Performance Solutions Smarter tools for better revenue recovery targeting improved financial performance for healthcare providers.
- Physician Solutions Revenue cycle management solutions for physician practices enabling clarity and control over their revenue cycle operations.
- R37 Lab R37 Lab is Intermedix's dedicated AI lab focused on building technology that transforms the unit economics of healthcare through reasoning, language, voice and document capture AI models deployed as integrated agent systems.
Quantifiable outcome
- Increased revenue, reduced costs, faster throughput through optimal work allocation between autonomous agents and humans
Companies that use Intermedix
Customer profileSegments3 records
Ideal customer profiles4 records
Intermedix technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability8 records
Feature8 records
Intermedix partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights5 records
Intermedix competitors and assessment
Company assessmentDirect peers
- FinThrive (formerly nThrive): FinThrive offers revenue cycle management technology and services across the patient access, mid-cycle, and back-end RCM workflow for health systems. Like R1, it sells to large hospitals and combines technology with outsourced services, making it a direct peer in the enterprise RCM segment.
- Waystar: Waystar is a healthcare revenue cycle management SaaS platform covering claims management, patient access, denial management, and analytics across hospitals and physician practices. It is a direct competitor to Phare's enterprise RCM suite with comparable target customers and overlapping use cases.
- Availity: Availity operates a payer-provider data exchange network and revenue cycle management platform connecting hospitals, physician practices, and health plans. It serves as a direct competitor in the payer-provider data exchange and provider-facing RCM workflow layer.
- Craneware: Craneware provides revenue cycle, supply chain, and value-based payment solutions primarily to US and UK hospitals. Its charge capture, coding, and reimbursement analytics overlap directly with R1 RCM's mid-cycle and back-end RCM offerings.
- Experian Health: Experian Health delivers patient access, claims management, and identity management solutions to hospitals and physician practices. It targets the same provider RCM pain points as R1 RCM (insurance verification, eligibility, denials) using technology-enabled services.
Broad incumbents
- Change Healthcare (now part of Optum): Change Healthcare operated one of the largest healthcare clearinghouse and RCM technology platforms in the US before being acquired by Optum. It directly overlapped with R1's payer-provider data exchange and claims management capabilities and remains a market reference point.
- Oracle Health (Cerner): Oracle Health (Cerner) is a dominant hospital EHR vendor increasingly bundling revenue cycle and analytics capabilities into its platform. It is a broad incumbent that competes for large health-system technology spend and overlaps with R1 RCM where EHR-vendor RCM suites displace third-party platforms.
- Epic Systems: Epic is the largest US hospital EHR vendor and continues to expand its patient access, billing, and revenue cycle tooling. While it does not outsource RCM operations like R1, it competes for the underlying claims, coding, and patient intake data layer that Phare is built on.
- Optum (UnitedHealth Group): Optum is the largest US healthcare services and technology platform, operating a massive revenue cycle management business alongside its payer (UnitedHealthcare) and analytics businesses. It competes head-on with R1 RCM for large health-system RCM outsourcing contracts and benefits from vertical integration with UnitedHealthcare's payer data.
Emerging players
- Health Catalyst: Health Catalyst provides healthcare data and analytics infrastructure, with growing penetration into revenue cycle analytics, decision support, and AI-driven workflows. It overlaps with R1 RCM's analytics and AI portions of the Phare platform.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Intermedix social profiles
Digital presenceIntermedix financial estimates
Financial estimateRevenue estimate
Valuation estimate
Intermedix leadership team
Management profileNumber of profiles
Profiles1 record
Intermedix funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Intermedix M&A and investment
M&A and investmentM&A11 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Intermedix
What does Intermedix do?
Intermedix delivers technology-enabled services and SaaS solutions to health care providers, government agencies and corporations. Its offerings center on the Phare Revenue Operating System, an agentic AI platform that automates complex revenue cycle work through orchestration agents, specialist AI agents and human oversight, with embedded modules for patient intake (Phare Access), automated coding and claim correction (Phare Claim), and autonomous follow-up on remits, denials and outstanding claims (Phare Flow). The company also operates R37 Lab, its AI research division, and provides enterprise operating partnerships where it manages end-to-end revenue cycle operations for healthcare providers.
Is Intermedix a public or private company?
Intermedix is a public company. It is classified as unknown and is currently operating.
When was Intermedix founded?
Intermedix was founded in 2002. It employs 1,001 to 5,000 people.
Where is Intermedix based?
Intermedix is headquartered in Fort Lauderdale, United States, in the North America region.
How does Intermedix make money?
Two revenue lines are on record. Operating Partnerships are the primary driver. The others are agentic Solutions.
Who are Intermedix's main competitors?
Direct peers on record are FinThrive (formerly nThrive), Waystar, Availity, Craneware and Experian Health. Broad incumbents are Change Healthcare (now part of Optum), Oracle Health (Cerner), Epic Systems and Optum (UnitedHealth Group). Health Catalyst is listed as an emerging player.
Does Intermedix have an API?
No public API is recorded for Intermedix.
What industry is Intermedix in?
Intermedix's product category is Healthcare Revenue Cycle Management Software and Services. Its primary akta.pro industry code is HLALABAM, Revenue Cycle, Coding & Telehealth Compliance Platforms (for provider orgs), with a secondary code of HLACABAK, Payer-Provider Data Exchange (X12, prior auth, claims/clinical attachment). Its NAICS code is 5415 and its SIC code is 7370.