Ravioli in Creamy Bacon Sauce

Name: Ravioli in Creamy Bacon Sauce
Ingredients: 1.1 pounds fresh ravioli; 1 tablespoon olive oil; 1 tablespoon unsalted butter; 6 ounces thick cut salted bacon, chopped; 4 garlic cloves, minced; 1 shallot, finely chopped; 1/4 teaspoon each: sweet paprika, grated nutmeg; 1/2 teaspoon each: black pepper, dried thyme; 1/2 cup low sodium chicken broth; 1 1/3 cups heavy cream; 1 ounce grated Parmesan; 1 tablespoon lemon juice; 2 tablespoons chopped parsley; crushed red pepper flakes, for serving; freshly ground black pepper, for serving; salt, to taste