Meduit
Meduit is a healthcare revenue cycle management company that provides AI-powered RCM solutions including denials management, Medicare bad debt recovery, patient engagement, and predictive analytics to over 1,100 hospitals and large physician practices across 48 states.
- Company typePrivate
- Founded2019
- HeadquartersCharlotte, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Meduit does
Meduit is a healthcare-focused revenue cycle management (RCM) solutions provider headquartered in Charlotte, North Carolina, serving more than 1,100 hospitals, health systems, and large physician practices across 48 states through 13 office locations. The company operates as a portfolio company of private equity firm NexPhase Capital and was built through a multi-brand roll-up incorporating F2 Healthcare, Avadyne Health, RMP, Allied Revenue Services, CMRE Financial Services, and Professional Claims Bureau. Meduit manages over $56 billion in accounts receivable on behalf of clients and supports more than 150,000 physicians, providing end-to-end RCM services spanning pre-registration, insurance verification, denials resolution, bad debt recovery, patient engagement, and government reimbursement (Medicare, Medicaid, VA/Tricare).
Meduit's core technology platform is MeduitOne, a unified receivables inventory management and patient engagement system layered with the MeduitAI suite. The AI stack includes SARA (Supervised Autonomous Revenue Associate), an autonomous agent that has processed over 4 million accounts since 2020 and executes 200+ revenue cycle tasks at speeds equivalent to 150 full-time employees; predictive analytics for propensity-to-pay, denial forecasting, and presumptive charity scoring; conversational AI supporting 24/7 voice and text patient self-service; voice analytics for call review; and the Patient Concierge mobile app featuring an AI avatar named Eve. The platform integrates with major EHRs including Epic, Cerner, and Meditech. Services are delivered under a mix of subscription/contractual RCM engagements, contingency-based Zero Balance Review (which historically recovers 1-2% of hospital net revenue), and outcome-based Medicare bad debt recovery (averaging $2.2 million per client with a documented 100% success rate in finding lost value). Distribution is via enterprise field sales led by a President/Chief Sales Officer, supported by inside sales, content marketing, and an interactive RCM Health Calculator used as a lead-generation tool.
Meduit firmographics
Firmographics- Name
- Meduit
- Legal name
- Meduit Group, LLC
- Website
- https://meduitrcm.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Meduit is a healthcare revenue cycle management company that provides AI-powered RCM solutions including denials management, Medicare bad debt recovery, patient engagement, and predictive analytics to over 1,100 hospitals and large physician practices across 48 states.
- Ownership category
- akta.pro rank
Meduit industry classification
Industry- Product category
- Healthcare Revenue Cycle Management
- NAICS
- Offices of Physicians (62111), Health and Welfare Funds (52512)
- SIC
- Hospital & Medical Service Plans (6324), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Patient Billing, Statements & Payment Processing (HLACACAG)
- akta.pro secondary industry
- Patient Access, Registration & Intake (Front-End RCM) (HLACACAE)
Keywords
Where Meduit is headquartered
LocationHeadquarters
- HQ city
- Charlotte
- HQ country
- United States
- HQ region
- North America
Offices11 records
Markets served
Meduit business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Revenue Cycle Management Services: Comprehensive RCM services covering the entire patient account lifecycle including denials resolution, insurance billing, bad debt collection, and government reimbursement services. Services are provided to hospitals, health systems, and large physician practices on a contractual basis.
- Zero Balance Review: Contingency-based fee structure where Meduit identifies unpaid and underpaid balances from closed patient accounts. If nothing is found, no fee is charged. On average finds 1-2% of a hospital's net revenue in additional collections.
- Patient Financing: Meduit connects patients with lenders offering zero and low-interest loans with no credit check. Provider receives full payment up front from the lender at no cost, while remaining amount is settled between patient and lender.
- Medicare Bad Debt Recovery: Expert consulting and technology-driven analytics service to recover missed Medicare reimbursement opportunities. Uses proprietary analytics to identify gaps and report correctly for CMS reimbursement.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Multi-year contract | Zero Balance Review - Contingency-based pricing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels9 records
Meduit product offering
Product offeringCore offering
Meduit provides technology-enabled revenue cycle management (RCM) services to hospitals, health systems, and large physician practices, combining AI, robotic process automation, and advanced analytics with human expertise. Core engagements cover insurance billing, denials resolution, self-pay collections, Medicare and Medicaid bad debt recovery, Zero Balance Review, patient financing, and patient engagement through the AI-enabled Patient Concierge App. The MeduitAI suite (including SARA, predictive analytics, conversational AI, voice analytics, and automated pre-authorization/claims follow-up) and the MeduitOne platform underpin the entire patient account lifecycle.
Product overview
Meduit is a healthcare revenue cycle management (RCM) solutions company offering a platform-plus-modules architecture. The core offering combines MeduitAI™ (an integrated AI suite) with MeduitOne (a unified receivables inventory and patient engagement platform), supplemented by specialized service modules including Business Office Services, Government Reimbursement Services (Medicare Bad Debt, Medicaid Eligibility, VA/Tricare), Pre-Service Solutions, and Specialized Recovery. Key AI products include SARA (autonomous revenue associate), Predictive Analytics, Conversational AI, Voice Analytics, and the Patient Concierge App with avatar Eve. The company serves over 1,100 hospitals and large physician practices across 48 states with 13 locations nationwide.
Differentiator
Problem solved
Functional benefit
Brands
- MeduitAI: AI-powered revenue cycle management solutions suite that reduces human touches, lowers costs, increases accuracy, and collects cash faster.
- SARA
- Patient Concierge App
- MeduitOne
- Zero Balance Review
Products and services
- MeduitAI™ A comprehensive suite of AI solutions that elevate accounts receivable, improve patient experience, and accelerate cash flow. Combines predictive analytics, conversational AI, voice analytics, automated pre-authorization, and automated claims follow-up. Sold to hospitals, health systems, and large physician practices as part of Meduit's RCM portfolio.
- SARA (Supervised Autonomous Revenue Associate) AI-powered autonomous agent that automates and executes simple, repetitive revenue cycle tasks at high speed, including claim status retrieval, appeal form completion, insurance reverification, claim adjustments, medical record uploads, and denial validity analysis. Performs work equivalent to 150 full-time employees and is integrated with Epic, Cerner, and Meditech.
- MeduitOne Unified platform for receivables inventory management and patient engagement that combines AI, robotic process automation, and advanced analytics to help providers manage A/R and patient interactions.
- Patient Concierge App Mobile application with AI avatar 'Eve' that guides patients through their hospital bills, explains amounts due and payment deadlines, and enables electronic payment, with 90% of users paying electronically through the app.
- Business Office Services Comprehensive suite including denials resolution (technical and clinical/coding), early out self-pay, extended business office (EBO), staffing solutions, insurance billing and follow-up, legacy A/R work-down, workers' compensation, bad debt collections, and employee overpayments recovery for hospitals and large physician practices.
- Zero Balance Review Risk-free revenue recovery service that identifies unpaid and underpaid balances from closed patient accounts on a contingency basis (no fee if nothing recovered), typically finding 1-2% of a hospital's net revenue in additional collections for clients such as Sheppard Pratt and University Hospitals.
- Medicare Bad Debt Recovery Expert consulting and technology-driven analytics solution that helps hospitals recover missed Medicare reimbursement dollars, reports a 100% success rate in finding lost value, and averages $2.2 million in recovery per client.
- Medicaid Eligibility Hands-on patient eligibility assistance solution that converts self-pay patients to qualified Medicaid coverage, decreasing unpaid bills and driving hospital cash flow.
- Patient Financing Alternative payment solution providing patients with zero and low-interest loans to pay medical expenses, with providers receiving full payment up front from the lender at no cost to the provider.
- Centralized Pre-registration Pre-service solution using dedicated call center staff and proprietary technology to contact patients before services, verify insurance, obtain copay amounts, and classify patients as cleared or for follow-up.
- Veterans Affairs/Tricare/Champus Services Comprehensive prebilling solution for VA/Tricare/Champus claims with expert staff specializing in federal billing requirements and regulations.
- HR Recoveries Service recovering employee overpayments including payroll, expense advances, relocation fees, tuition reimbursement, pension, and retention bonuses for healthcare organizations.
- School Fees Recovery Service for elementary and secondary educational institutions to collect outstanding school-related fees including book rentals and activity fees.
Quantifiable outcome
- 100% success rate in finding lost Medicare bad debt value
- +5 more outcomes
Companies that use Meduit
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles2 records
Meduit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability9 records
Feature8 records
Meduit partnerships and signals
Strategic signalScale indicators9 records
Recent moves6 records
Expansion highlights6 records
Meduit competitors and assessment
Company assessmentBroad incumbents
- Parallon: Parallon, an HCA Healthcare subsidiary, offers hospital revenue cycle, patient access, and healthcare IT services at scale — historically a captive RCM provider but increasingly serving third-party hospitals. It is a comparable incumbent with broader operational scale than Meduit.
- Optum (UnitedHealth Group): Optum is the largest US healthcare services and RCM platform, with hospitals business acquired from Change Healthcare. It dwarfs Meduit on scale and competes across nearly every RCM product line while vertically integrating payer data — a key strategic threat to independent RCM players.
Direct peers
- Waystar: Waystar (formed from the merger of Navicure, ZirMed, and others) provides cloud-based RCM, patient access, claims management, and patient payment solutions to hospitals and physician practices. It is a direct competitor in the software-driven RCM technology layer that Meduit's MeduitAI and MeduitOne target.
- nThrive: nThrive (formerly MedAssets/Precyse) is a private-equity-backed RCM services and technology company serving hospitals with end-to-end revenue cycle, analytics, and denials management — a closely comparable business model to Meduit, and like Meduit has been through multiple PE sponsors.
- Experian Health: Experian Health provides RCM, identity management, claims management, and patient engagement solutions to US hospitals and providers, including patient financing-adjacent services. It overlaps directly with Meduit's patient access, billing, and patient engagement offerings.
- Availity: Availity is a healthcare clearinghouse and RCM technology platform offering claims submission, eligibility, denials, and patient access tools to hospitals and providers. It competes with Meduit's front-end RCM and managed-care interoperability capabilities.
- Conifer Health Solutions: Conifer Health Solutions, a Tenet Healthcare subsidiary, delivers hospital revenue cycle services, denials management, and patient access — operating as both a captive and third-party RCM provider. It is a direct competitor and was an alum of Meduit's senior leadership (Jeff Nieman, Jason Petrasich).
- R1 RCM: R1 RCM is the largest dedicated healthcare RCM provider in the US, serving hospitals and physician practices with end-to-end revenue cycle, denials management, and patient access — directly competing with Meduit across the same customer segment and service lines. CD&R-owned at the time of its 2024 take-private, it sets the market's scale benchmark.
Emerging players
- Collectly: Collectly is an AI-powered patient billing and patient engagement platform focused on digital patient payments for medical groups and specialty practices. It overlaps with Meduit's Patient Concierge App and conversational AI patient engagement offerings.
- AKASA: AKASA is an AI-native RCM automation company using generative AI for medical coding, claim status, and prior authorization workflows. It is an emerging player attacking the same AI-RCM frontier where Meduit is positioning MeduitAI and SARA, particularly with provider systems seeking AI-first RCM overlays.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Meduit social profiles
Digital presenceMeduit compliance and trust
Trust signalCompliance2 records
Meduit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Meduit leadership team
Management profileNumber of profiles
Profiles8 records
Meduit subsidiaries and ownership
Company hierarchySubsidiaries6 records
Meduit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Meduit M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Meduit
What does Meduit do?
Meduit provides technology-enabled revenue cycle management (RCM) services to hospitals, health systems, and large physician practices, combining AI, robotic process automation, and advanced analytics with human expertise. Core engagements cover insurance billing, denials resolution, self-pay collections, Medicare and Medicaid bad debt recovery, Zero Balance Review, patient financing, and patient engagement through the AI-enabled Patient Concierge App. The MeduitAI suite (including SARA, predictive analytics, conversational AI, voice analytics, and automated pre-authorization/claims follow-up) and the MeduitOne platform underpin the entire patient account lifecycle.
Is Meduit a public or private company?
Meduit is a private company. It is classified as private equity controlled and is currently operating.
When was Meduit founded?
Meduit was founded in 2019. It employs 1,001 to 5,000 people.
Where is Meduit based?
Meduit is headquartered in Charlotte, United States, in the North America region.
How does Meduit make money?
Four revenue lines are on record. Revenue Cycle Management Services are the primary driver. The others are zero Balance Review, patient Financing and medicare Bad Debt Recovery.
Who are Meduit's main competitors?
Broad incumbents on record are Parallon and Optum (UnitedHealth Group). Direct peers are Waystar, nThrive, Experian Health, Availity, Conifer Health Solutions and R1 RCM. Emerging players are Collectly and AKASA.
Does Meduit have an API?
No public API is recorded for Meduit.
What industry is Meduit in?
Meduit's product category is Healthcare Revenue Cycle Management. Its primary akta.pro industry code is HLACACAG, Patient Billing, Statements & Payment Processing, with a secondary code of HLACACAE, Patient Access, Registration & Intake (Front-End RCM). Its NAICS code is 62111 and its SIC code is 6324.