Latest news with #Infinx
Business Wire
06-05-2025
- Business
- Business Wire
i3 Verticals Divests Healthcare RCM Business
NASHVILLE, Tenn.--(BUSINESS WIRE)--i3 Verticals, Inc. ('i3 Verticals' or the 'Company') (NASDAQ: IIIV), and Infinx, Inc. ('Infinx'), a leader in AI-powered revenue cycle management solutions, today announced the entry into a definitive agreement and the contemporaneous closing of the sale of i3 Verticals' Healthcare Revenue Cycle Management ('RCM') business, including its associated proprietary technology, to Infinx, in an all-cash transaction for $96 million, subject to post-closing purchase price adjustments. The Company will give more detailed information during its quarterly conference call on Friday, May 9, 2025, at 8:30 a.m. ET. Greg Daily, Chairman and CEO of i3 Verticals, stated, 'Several years ago we set off to build a platform to deliver fantastic revenue cycle management solutions for the healthcare industry. We are proud of what we built and continue to believe that this is an attractive market. However, we also recognize that scale is important in revenue cycle management, and our future is in providing enterprise software solutions in other markets. We found a great partner, and our healthcare management team will be well positioned to accomplish great things with Infinx. 'After the divestiture, we will be completely streamlined, focused on the Public Sector vertical, including the K-12 public education markets. We believe that focusing our efforts in this targeted area will maximize our growth potential and allow us to bring our customers the best possible service. We look forward to driving innovation and excellence in these sectors.' Jaideep Tandon, Chairman and CEO of Infinx, stated, 'We're thrilled to welcome the i3 Verticals Healthcare RCM team and their customers into the Infinx family. Their deep experience supporting Academic Medical Centers, along with the strong and trusted relationships they've built over time, is a powerful complement to our mission. By combining their domain expertise with our AI-powered RCM Insights, patient access, and automation solutions, we look forward to working alongside them to deliver meaningful financial and clinical outcomes for healthcare providers nationwide.' Advisors Raymond James & Associates, Inc. served as financial advisors to i3 Verticals and Bass, Berry and Sims, PLC served as legal advisor to i3 Verticals. Stinson LLP served as legal advisor to Infinx. About i3 Verticals The Company delivers seamless enterprise software to customers in strategic vertical markets. Building on its sophisticated and diverse platform of software and services solutions, the Company creates and acquires software products to serve the specific needs of public and private organizations in the Public Sector (including K-12 public education). About Infinx Founded in 2012, Infinx provides scalable, AI-driven solutions to optimize the financial lifecycle of healthcare providers across all functions of patient access and revenue cycle management. Its cloud-based software, powered by AI and automation, is leveraged by experienced consultants and billing specialists across the U.S., India, and the Philippines. Infinx helps 172,000 healthcare professionals across 4,000 facilities capture more revenue, stay ahead of changing regulations and payer guidelines, and focus on patient care. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, which involve risk and uncertainties. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as 'anticipate,' 'estimate,' 'expect,' 'project,' 'plan,' 'intend,' 'believe,' 'may,' 'will,' 'should,' 'could have,' 'exceed,' 'significantly,' 'likely' and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. These forward-looking statements are based on the Company's current beliefs, understandings and expectations. These forward-looking statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied include risks associated with the Company's ability to execute on its strategy and achieve its goals and other expectations after completion of these transactions and risks related to the ancillary agreements entered at the closing of these transactions, as well as the risks set forth in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2024, filed with the Securities and Exchange Commission on November 25, 2024, the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2024, filed with the Securities and Exchange Commission on February 7, 2025, and the Company's other filings with the Securities and Exchange Commission. Any forward-looking statement made by the Company in this press release speaks only as of the date of this press release, and the Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Associated Press
16-02-2025
- Business
- Associated Press
Infinx Healthcare to Debut Revenue Cycle Agent Platform and Document Capture AI Agent Platform at ViVE 2025
AI, Automation & Human Agents Working Together to Drive Measurable Revenue Cycle Outcomes SAN DIEGO, CALIFORNIA / ACCESS Newswire / February 16, 2025 / Infinx Healthcare, a leader in AI-powered revenue cycle management solutions, will debut its Revenue Cycle Agent Platform and Document Capture AI Platform at ViVE 2025 in Nashville, Tennessee. These agentic platforms integrate Generative AI (GenAI), automation, and human expertise to improve financial outcomes and eliminate inefficiencies in revenue cycle workflows. As RCM complexity increases, AI and automation alone are not enough to deliver scalable solutions. Infinx is setting a new standard for revenue cycle automation by combining AI-powered reasoning, automated execution, and human expertise to ensure workflows are completed accurately and efficiently. 'Revenue cycle automation has reached a tipping point where AI must do more than just analyze data-it must act,' said Navaneeth Nair, Chief Product Officer at Infinx. 'At ViVE 2025, we're excited to showcase how our AI agents, automation agents, and human agents work together to solve the biggest challenges in revenue cycle management.' Infinx Revenue Cycle Agent Platform Infinx's agents are purpose-built for revenue cycle workflows, leveraging multiple models trained on decades of real-world revenue cycle data, clinical insights, payer requirements and operational know-how. AI agents, automation agents, and human agents unite to handle the full complexity of revenue cycle workflows. AI agents are designed to handle complex workflows that require both cognitive reasoning and action, like classifying and extracting key patient details from referrals and predicting claim denial risks before submission Automation agents execute high volume, repetitive tasks like eligibility verification, claim status tracking, and payment posting. Human agent specialists step in when expertise is required, such as resolving complex claim denials, handling payer escalations, verifying provider credentials, and managing exceptions in prior authorizations and payment processing. The platform integrates with EHRs, billing systems, and payer platforms, facilitating real-time data synchronization, workflow automation, and optimized workforce management-ensuring that technology and staff collaborate efficiently for better revenue cycle outcomes. Infinx Document Capture AI Platform Powered by the agents from their Revenue Cycle Agent Platform, Infinx's Document Capture AI platform is a comprehensive solution tackling end-to-end referral document processing by extracting key details from unstructured data from any document type into structured, actionable data that drive next-step workflows in real time. The platform goes beyond traditional OCR by using generative AI, natural language processing (NLP), supervised machine learning and automation with: AI agents that categorize faxed and scanned documents and extract patient, physician, payer and clinical data with high accuracy, System validation and error detection, ensuring data completeness with human agent oversight when needed, and Automation agents that populate EHRs in real time, triggering actions like order entry and prior authorization updates. By automating document-heavy workflows, this platform reduces administrative burden, eliminates errors, and accelerates processing times, seamlessly integrating into existing revenue cycle operations. Experience the Future of RCM at ViVE 2025 Infinx will showcase the Revenue Cycle Agent Platform and the Document Capture AI Agent Platform at Booth #2944 during ViVE 2025 in Nashville from February 16-19, 2025. Infinx delivers AI, automation, and human-driven solutions for revenue cycle management, helping healthcare organizations enhance efficiency, reduce costs, and improve financial performance. With expertise in AI-powered prior authorization, claim management, payment posting, and denial prevention, Infinx empowers RCM teams with intelligent, scalable solutions. For more information, visit
