Cell-free RNA in plasma has been an active area of research, with most studies to date focusing on cell-free microRNAs. Studies of cell-free messenger RNA (mRNA) and long nonācoding RNA (lncRNA) have been more limited, with some controversy about the nature of such circulating transcripts in plasma. We present a modified RNA-seq methodology, called phospho-RNA-seq, which, when combined with a stringent computational pipeline, revealed thousands of mRNA and lncRNAs in blood plasma. The key to this approach is the incorporation of T4-polynucleotide kinase treatment, which enabled the recovery of fragmented mRNA and lncRNA transcripts that are otherwise missed by standard small RNA-seq protocols because they lack a 5`-phosphate and/or have a 3`-phosphate. Phospho-RNA-seq enabled the identification of sets of mRNA/lncRNA transcripts in plasma, including gene sets expressed in a tissue-specific manner. As proof-of-concept validation of the approach for biomarker identification, we used phospho-RNA-seq to longitudinally profile plasma specimens collected from patients undergoing hematopoietic stem cell transplantation. We detected bone marrow-enriched and liver-enriched transcript sets in plasma that these tracked with bone marrow recovery and hepatic injury, respectively. By providing expanded access to the plasma transcriptome, phospho-RNA-seq enables the discovery of new cell-free RNA biomarker signatures for a wide variety of clinical applications.