R1 RCM Inc. announced that its Board of Directors has appointed Lee Rivas to succeed Joseph Flanagan as Chief Executive Officer, effective January 1, 2023, at which time Mr. Rivas will also join the Company's Board. Mr. Flanagan will step down effective January 1, 2023, following a distinguished nearly 10-year career with R1, and will continue to serve as a member of the Company's Board. As part of a planned succession process, Mr. Flanagan will transition to serve as Executive Advisor to the CEO.

In addition, John Sparby, who joined the Company in 2004 and currently serves as Chief Operating Officer, has been appointed to succeed Mr. Rivas as President, effective January 1, 2023. Mr. Rivas joined R1 in June 2022 and currently serves as President. He has more than 20 years of leadership experience in technology and healthcare.

Prior to joining R1, he served as the Chief Executive Officer of Cloudmed. Mr. Rivas also served as a senior leader at RELX, a global provider of information analytics solutions, and as CEO of its healthcare division, where he was instrumental in building the healthcare technology business for LexisNexis Risk Solutions, which combined consumer, provider and health plan data to deliver analytic insight to customers. Prior to RELX, Mr. Rivas was an engagement manager with McKinsey & Company.

He began his career as an officer in the U.S. Army, where he held several leadership positions in the U.S. and abroad. Mr. Rivas is a graduate of the United States Military Academy at West Point and has an M.B.A. from the Harvard Business School. Mr. Sparby joined R1 in January 2004 and has served as Executive Vice President, Chief Operating Officer since January 2021.

Mr. Sparby is the operational leader of the Company's revenue cycle customer engagements. Prior to this role, he served in various other positions at R1, including leader of the East region and leader of the Ascension Michigan Market, and held other leadership roles in the Shared Services group. Prior to joining R1, Mr. Sparby spent seven years at Stockamp & Associates leading large-scale, end-to-end revenue cycle re-engineering projects primarily for academic health systems. Mr. Sparby has a B.A. in healthcare administration and political science from Concordia College.