What You Should Know:
– Thrivory, the AI-powered healthcare fintech company, has secured $3.5M in equity led by Redesign Health and up to $25M in credit from Trinity Capital.
– The funding supports the scale of its ThriveNow API, which embeds instant, non-recourse claims payments directly into EHR and practice management systems.
Solving Healthcare’s Biggest Financial Barrier: Slow Reimbursement
Thrivory, a healthcare AI company founded in 2023, is tackling the slow and unpredictable payment cycle that forces providers to wait months for payment from insurers. This cash-flow bottleneck fuels burnout, constrains growth, and limits investment in practices.
The problem is intensifying as industry-wide denial rates climb to approximately 20%, leaving providers with unpredictable cash flows and increased administrative burden.
Devon Seitz, Founder and CEO of Thrivory, stated: “Providers should not be forced to wait months to be paid for care they’ve already delivered. It’s an unsustainable and outdated business model.”
AI-Powered “Get Paid Today” with Zero Risk
Thrivory is the first-of-its-kind healthcare AI company that eliminates reimbursement delays through instant, non-recourse claims settlement.
The platform uniquely combines healthcare-specific AI underwriting with real-time payments.
- Predictive Accuracy: The platform predicts claim outcomes with 96% accuracy and flags denials before they occur.
- Instant Liquidity: It advances up to 80% of expected value within hours.
- Non-Recourse: If a claim is denied, Thrivory absorbs the loss, ensuring providers never face clawbacks or collections.
The newly unveiled ThriveNow API represents the next stage of innovation, embedding this “Get Paid Today” capability directly into EHRs and PMS platforms.
Market Momentum
The funding will scale the ThriveNow API, strengthen risk models, and expand underwriting capacity.
Early adoption underscores the platform’s impact:
- Growth Acceleration: Customers report growth acceleration of up to 200% after embedding instant payments.
- Flawless Performance: The company has achieved zero losses and zero write-offs to date.
