Adonis

What Adonis does

Adonis is a healthcare revenue cycle management (RCM) software company founded in 2022 and headquartered at 3 World Trade Center, New York. The company sells an AI-powered RCM platform to US healthcare providers spanning large hospital systems (Mount Sinai, Northwell, Yale, Johns Hopkins, Ohio State, Hackensack Meridian, Baptist Health South Florida), multi-site physician groups (ApolloMD, Millennium Physician Group, Allied Digestive Health, USOP), specialty practices (Fox Valley Orthopedics, Commonwealth Pain & Spine, Seaview Orthopaedic, Tend), and emerging digital health entrants (Rippl Care).

The platform is built on a three-layer architecture: an Intelligence layer providing predictive analytics, anomaly detection, and denial clustering; an AI Agents layer that executes autonomous RCM workflows such as underpayment detection and NLP-generated appeal letters; and an Orchestration layer that integrates with electronic health record (EHR) and clearinghouse systems. The company has processed $13.3B+ in patient charges, which underpins its data flywheel. Documented integrations include Epic Connection Hub, athenahealth, eClinicalWorks, ModMed, and Stedi, with Epic positioned as the flagship deployment channel.

Adonis operates a sales-led, quote-based subscription SaaS model targeting US healthcare providers. Reported outcomes include a 67% reduction in Optum VA denials and 2,000+ FTE hours saved for ApolloMD, 5.7x ROI for Fox Valley Orthopedics with a 25% denial reduction, 4.5x ROI in year one for Allied Digestive Health, and a 20-30% RCM spend reduction across Epic deployments. The company has raised $95M+ across four rounds between 2022 and 2026, with the most recent $40M Series C led by Quadrille Capital. The company reports 4x revenue growth in 2025 and net revenue retention exceeding 130%.

Name

Adonis

Legal name

Adonis Technology, Inc.

Website

https://adonis.io

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

251–500 employees

Short description

Adonis is a New York-based AI-powered revenue cycle management platform for US healthcare providers. It sells a three-layer SaaS platform — Intelligence, AI Agents, and Orchestration — that automates denial management, underpayment detection, and appeals across enterprise, mid-market, and specialty practice customers.

Ownership category

akta.pro rank

Product category

Healthcare Revenue Cycle Management Software

NAICS

Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

AI/Analytics for RPM (Risk Stratification, Alerts, Predictive) (HLACAFAM)

akta.pro secondary industry

Virtual Nursing, Telemonitoring & Command Center Platforms (HLACAFAH)

Keywords

• Revenue cycle management
• Healthcare billing software
• Denial management platform
• AI medical claims automation
• Revenue intelligence software

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&amp, D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Adonis Platform Subscription: Recurring SaaS subscriptions to the Adonis Intelligence + AI Agents + Orchestration platform, sold to provider groups, hospitals and health systems, digital health organizations, and RCM services organizations via annual or multi-year contracts. Pricing is not publicly disclosed (demo-based / quote-based).
2. Recurring Software Revenue with Land-and-Expand: Existing-customer expansion drives net revenue retention above 130%, indicating upsell from Intelligence into AI Agents and Orchestration modules within the same provider relationship. Revenue grew more than 4x in 2025.
3. Billing/Claims Services for Non-Provider Organizations: Adonis powers claims submission for non-provider organizations such as Instacart's health-nutrition programs (Medicaid Section 1115 waiver nutrition billing), extending the platform into adjacent healthcare-adjacent verticals.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Adonis provides an AI-powered revenue cycle management (RCM) platform for healthcare organizations, structured as a three-layer stack: Adonis Intelligence (predictive analytics, denial clustering, smart worklists, real-time dashboards), Adonis AI Agents (autonomous agents that execute workflows such as claims status checks, appeal letter generation, and prior authorizations), and Adonis Orchestration (a coordination layer that links insight, action, and automation across the revenue cycle). The platform is sold to physician groups, hospitals and health systems, digital health organizations, and RCM services firms to reduce denials, recover underpayments, and automate revenue cycle workflows natively inside EHR environments such as Epic.

Product overview

Adonis offers a unified AI-powered Revenue Intelligence and Automation platform for healthcare revenue cycle management (RCM), structured as a core platform composed of three integrated modules — Adonis Intelligence (analytics and predictive alerting), Adonis AI Agents (autonomous multi-step action execution), and Adonis Orchestration (coordinated automation across workflows) — supported by a set of add-on modules including Adonis Billing (claims processing integrated with Stedi for 837P submission), Adonis Underpayments (ML-driven underpayment detection and automated appeals), Adonis Patient Verification (eligibility checks), Adonis Prior Authorization, Adonis Good Faith Estimates (Price Transparency API), Adonis Patient Statements, Adonis Card On-File, and Adonis SuperBill. The Intelligence, AI Agents, and Orchestration layers work together to analyze claims, denials, and payer behavior, surface risks early, recommend next steps, and autonomously take action across the entire revenue cycle, while the add-on modules extend the platform into specific front-end and back-end RCM workflows for healthcare providers, hospitals, digital health organizations, and practice management systems.

Differentiator

Problem solved

Functional benefit

Brands

• Adonis Intelligence: Predictive analytics and actionable alerting platform that monitors claims, denials, and payer behavior in real time to surface revenue cycle risks.
• Adonis AI Agents
• Adonis Orchestration

Products and services

• Adonis Intelligence AI and machine learning platform that consolidates data from EHRs, practice management systems, and clearinghouses to provide real-time dashboards, actionable alerting, denial clustering, predictive analytics, smart worklists, and customizable reporting for healthcare revenue cycle management.
• Adonis AI Agents Context-aware autonomous AI agents purpose-built for revenue cycle workflows that autonomously execute multi-step actions including claims status checks, appeal letter generation, billing resolutions, and authorization number retrieval at scale.
• Adonis Orchestration Coordination layer that maximizes AI investment by integrating insight, action, and automation across the revenue cycle; converts accounts receivable into real revenue through coordinated automations and provides reasons and recommendations for every action.
• Adonis Billing End-to-end billing platform for healthcare providers that automates payment collection, claims submission, and revenue cycle workflows including 837P professional claims processing integrated via Stedi APIs.
• Adonis Underpayments Machine learning solution that studies payer contracts, submitted claims, and reimbursements to flag high-likelihood underpayments and automate the appeal process to recover missing revenue; Adonis handles end-to-end appeals on behalf of providers.
• Adonis Good Faith Estimates (Price Transparency) Price transparency solution that delivers personalized, accurate clinical care cost estimates for patient populations by pulling from negotiated contracts, regional averages, eligibility data, plan benefits, and deductibles; includes a Price Transparency API and out-of-the-box patient-facing applications.
• Adonis Patient Statements Automated digital-first patient statement creation and delivery via text and email, providing a one-click payment experience that improves collection rates and reduces accounts receivable.
• Adonis Card On-File Automated credit card information storage and payment collection system that securely stores patient payment methods, charges copayments and outstanding balances, and sends notifications via text or email; includes a future cost estimator.
• Adonis SuperBill Automated SuperBill creation that integrates with EHRs to capture visit data and generate accurate SuperBills sent to patients via text or email, reducing manual burden and payment rejections.
• Adonis Patient Verification Real-time patient eligibility and benefits validation that mitigates preventable denials by verifying coverage and benefits before service delivery.
• Adonis Prior Authorization Prior authorization automation that streamlines approval workflows, ensuring timely payment and reducing claim denials through proactive authorization management.

Named customers19 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability8 records

Feature8 records

Partnerships

Nine partnerships are on record, tiered flagship (epic-native deployment), strategic (long-term edi partner), strategic (co-development), strategic (vertical expansion), core ehr integration and core clearinghouse integration.

• Epic (Epic Connection Hub)flagship (epic-native deployment)Technology or Integration · 22 June 2026Adonis launched its AI-powered revenue cycle orchestration platform inside the Epic Connection Hub, enabling health systems to deploy its intelligence layer directly over native Epic environments. Autonomous AI agents execute claims status checks, appeal letters, and billing resolutions, with reported 20%-30% long-term RCM operating-spend reduction.
• Stedistrategic (long-term edi partner)Technology or Integration · 12 December 2025Adonis integrated Stedi's EDI translation and 837P claims processing APIs into its billing platform to accelerate claims submission and denial mitigation. Stedi's APIs and support allowed Adonis to ship new claims processing features within weeks. Adonis characterizes Stedi as a long-term strategic partner.
• CaduceusHealthstrategic (co-development)Strategic or Co-development Partner · 21 September 2025Industry leaders Adonis and CaduceusHealth announced they are joining forces to lead the next chapter of AI innovation in revenue cycle management.
• Instacartstrategic (vertical expansion)Strategic or Co-development Partner · 18 March 2025Adonis partnered with Instacart to support claims billing for Instacart Health nutrition programs offered through health plans. The partnership enables Instacart to submit claims for Medicaid Section 1115 waiver nutrition programs across states using Adonis's intelligent revenue cycle technology.
• athenahealthcore ehr integrationTechnology or Integration · 15 October 2024Adonis integrates with athenahealth EHR/practice-management platform. Joint customer deployments include Fox Valley Orthopedics and ApolloMD, both of which use athenahealth alongside Adonis for denial management and AI agents. Adonis also promotes a dedicated athenahealth-user webinar series.
• NextGen Healthcarecore ehr integrationTechnology or Integration · 25 June 2024NextGen Healthcare is one of the practice-management systems that Adonis integrates with, listed on the Request a Demo form and in Adonis Intelligence's integration footprint.
• eClinicalWorkscore ehr integrationTechnology or Integration · 23 May 2024Adonis Intelligence integrates directly with eClinicalWorks (used by Seaview Orthopaedic & Medical Associates for accounts receivable clustering, AI-driven Smart Worklists, actionable alerting, and customizable dashboarding).
• ModMedcore ehr integrationTechnology or Integration · 6 February 2024Adonis integrates with ModMed EHR for unified revenue cycle data aggregation and predictive analytics; integrations with other specialty EHRs (e.g., Modernizing Medicine Gastroenterology) referenced on Adonis website.
• ChangeHealthcarecore clearinghouse integrationTechnology or Integration · 13 January 2023Adonis integrates with ChangeHealthcare as a clearinghouse for claims submission, reimbursement monitoring, and underpayment detection.

Scale indicators12 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Waystar: Established healthcare RCM software platform covering claims management, denials, patient billing, and analytics. Directly comparable to Adonis Intelligence + Orchestration for hospital and provider RCM, with a much larger installed base and broader workflow footprint.
• Akasa: AI-driven RCM automation platform for hospitals and provider groups, covering denials, prior authorizations, and patient access. Most direct peer to Adonis in terms of autonomous-agent RCM positioning and target customer profile.
• Cedar: Patient billing, engagement, and RCM platform for providers and payers. Comparable in patient-statement, card-on-file, and price-transparency workflows (Adonis Patient Statements, Card On-File, Good Faith Estimates), with similar provider buyer base.

Broad incumbents

• R1 RCM: Large-scale healthcare RCM services and technology provider serving hospitals and health systems. Comparable end market (enterprise health systems) with overlap in denial management and revenue analytics, though R1 leans more toward outsourced services than Adonis's software-first model.
• Experian Health: Healthcare division of Experian offering claims management, eligibility, patient access, and analytics. Comparable RCM workflow overlap and similar buyer (hospitals, large provider groups), with broader scale and incumbent data assets.
• Availity: Healthcare information network combining payer-provider data exchange, RCM, and analytics. Comparable in payer-data integration (Adonis integrates with Availty) and overlapping in eligibility/claims workflows, though Availity is broader and more payer-centric.

Emerging players

• SmarterDx: AI platform focused on revenue integrity and clinical-denial prevention for hospitals. Closest direct peer to Adonis AI Agents on the denial-management side, with overlapping hospital buyer and autonomous-revenue-recovery workflow.
• Candid Health: AI-native RCM automation platform targeting digital health and provider groups. Comparable subscription-based, API-first approach to claims and denials management—similar GTM to Adonis's digital-health and mid-market provider segments.
• Anterior: AI-powered prior-authorization and clinical-denial automation company. Directly comparable to Adonis AI Agents on the prior-authorization workflow and shares the same autonomous-agent thesis for RCM.
• Phare Health: AI platform for hospital revenue cycle focusing on clinical documentation improvement and denial prevention. Comparable AI-first, hospital-focused approach with overlap in denial-clustering and revenue-integrity workflows.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/adonisrcm
• LinkedInlinkedin.com/company/adonis-technologies

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds4 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Adonis