Neolytix
Neolytix is a Chicago-based, bootstrapped healthcare operations firm providing outsourced medical billing, credentialing, payer contract negotiation, RPM, and AI scribing to 270+ healthcare organizations across 31 specialties and 40 US states via a US/India/Philippines delivery model.
- Company typePrivate
- Founded2011
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Neolytix does
Neolytix is a privately held US healthcare operations company founded in 2011 and headquartered in Chicago, Illinois. It provides outsourced revenue cycle management, medical billing, payer credentialing, payer contract negotiation, healthcare marketing, remote patient monitoring, and Spravato billing services to more than 270 healthcare organizations across 31 medical specialties and 40 US states. The company operates a dual-shore delivery model spanning the United States, India, and the Philippines, with a team of over 250 employees, and is bootstrapped (no disclosed external funding). It holds ISO 27001, SOC 2 Type II, and HIPAA compliance certifications, which it uses as enterprise-procurement qualifications.
Neolytix's core technology stack centers on the InCredibly platform, launched in March 2026, which integrates claims management, credentialing, and contract intelligence behind a learning engine designed to improve payer interactions over time. The company also operates NeoScribe, a dedicated AI medical scribing subsidiary established in 2024, and has built a Transparency in Coverage (TiC) benchmarking infrastructure holding over 1TB of payer rate and contract data per payer to support contract negotiation engagements. AI and automation are applied in defined workflows including insurance verification (with RPA), RPM predictive analytics, and generative-AI content production; the architecture relies on proprietary workflow orchestration layered over third-party models and Neolytix's accumulating payer data corpus.
The business model is primarily a services revenue model: percentage-of-collection RCM contracts with mid-market healthcare providers, supplemented by fixed-fee credentialing, contract negotiation, and marketing engagements. Recurring revenue exposure is increasing through the RPM offering (recurring clinical data services) and NeoScribe subscription-style scribing. Customer acquisition is anchored on case-study-driven demand generation in specialty verticals, with reference customers such as Prime Healthcare used to shorten enterprise sales cycles. The model converts operational claims-handling work into long-tail contracted revenue and increasingly uses the InCredibly platform as a wedge for higher-margin, data-driven services.
Neolytix firmographics
Firmographics- Name
- Neolytix
- Legal name
- Neolytix LLC
- Website
- https://neolytix.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Neolytix is a Chicago-based, bootstrapped healthcare operations firm providing outsourced medical billing, credentialing, payer contract negotiation, RPM, and AI scribing to 270+ healthcare organizations across 31 specialties and 40 US states via a US/India/Philippines delivery model.
- Ownership category
- akta.pro rank
Neolytix industry classification
Industry- Product category
- Healthcare Revenue Cycle Management Services
- NAICS
- Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151), Other Scientific and Technical Consulting Services (54169)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Provider Network, Credentialing & Contracting Support (BPAAAFAI)
Keywords
Where Neolytix is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Neolytix business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Managed Revenue Cycle Management Services: Full-spectrum outsourced RCM services covering medical billing, coding, denial management, A/R follow-up, prior authorization, and reporting. Delivered as a managed service with performance targets (clean claim rate >96%, AR days <60, denial reduction >40%). Pricing structured around net collections percentage or fixed-fee arrangements, with gainshare models for contract negotiation engagements.
- Credentialing & Provider Enrollment: CVO services including credentials verification, provider enrollment with payers, medical licensing, and privileging management. Often bundled with RCM services as an integrated offering.
- Payer Contract Review & Negotiation: Three-tier engagement model: Contract Readability Report (Tier 1), Negotiation Preparation Package (Tier 2), and Managed Negotiation Support (Tier 3). Fee structure includes gain-share arrangements where Neolytix earns a fee tied to the rate improvement delivered, alongside fixed-fee tiers.
- Spravato Billing & REMS Management: Specialized billing service for Spravato (esketamine) buy-and-bill programs, covering benefits verification, prior authorization, REMS compliance documentation, and claims submission. Revenue tied to Spravato collections with percentage-based fees and no minimums.
- Remote Patient Monitoring (RPM): RPM program where Neolytix provides devices, setup, and management at no upfront cost to the healthcare organization. Fees are charged only from successful Medicare/insurer reimbursements, making it a risk-share model.
- Healthcare Marketing & Growth Services: Digital marketing services including SEO, medical SEO, generative engine optimization, advertising, and reputation management for healthcare practices. Offered both as standalone and bundled with RCM services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Outcome Based/ Performance | Multi-year contract | Contract Readability Report (Tier 1) |
| Outcome Based/ Performance | Multi-year contract | Negotiation Preparation Package (Tier 2) |
| Outcome Based/ Performance | Multi-year contract | Managed Negotiation Support (Tier 3) |
| Usage-based | Pay-as-you-go | Remote Patient Monitoring (RPM) |
| Transaction based/ take rate | Monthly | Spravato Billing Services |
| Freemium | Pay-as-you-go | Payer Contract Review - Free Assessment |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
Neolytix product offering
Product offeringCore offering
Neolytix provides outsourced healthcare operations services for physician practices, multi-specialty groups, MSOs, and payer organizations. Core offerings include revenue cycle management, medical billing, credentialing and provider enrollment, medical coding audits, prior authorization, patient access contact center services, payer contract review and negotiation, remote patient monitoring, and specialized Spravato billing. Service delivery combines dual-shore operations (US + India/Philippines) with AI-powered automation, RPA bots, and proprietary platforms such as InCredibly.
Product overview
Neolytix is a comprehensive healthcare operations company offering a broad portfolio of services organized into three main categories: Outsourced Operations (core RCM, medical billing, credentialing, enrollment, coding, licensing, patient access, finance, recruitment), Emerging Tech Solutions (InCredibly AI platform for provider data intelligence, NeoScribe), and Transformation/Growth Services (payer contract negotiation, revenue transformation, MSO services, healthcare marketing). The company delivers these services as managed operations backed by advanced AI-powered automation, with dual-shore operations (US and offshore) to healthcare organizations across 40 states, serving 270+ healthcare organizations and 31+ specialties. Key platforms include InCredibly (AI-powered credentialing), Remote Patient Monitoring, Spravato Billing Services, and Payer Contract Review services.
Differentiator
Problem solved
Functional benefit
Brands
- InCredibly: AI-powered managed provider data intelligence platform for healthcare credentialing and revenue optimization, integrating dual-shore operations with a learning engine to deliver timeline certainty and revenue forecasting.
- NeoScribe
- Practice Tech Solutions
- Patient.ink
Products and services
- Revenue Cycle Management (RCM) End-to-end revenue cycle management covering medical billing, coding, prior authorization, denial management, A/R follow-up, and reporting with contracted performance targets (>96% clean claim rate, <60 AR days, 40%+ denial reduction). Designed for healthcare organizations across 31+ specialties.
- Medical Billing Services Insurance benefit verification, medical coding, claim submissions and follow-up, denial management, accounts receivable management, and reporting/analytics for healthcare providers.
- Credentialing & Enrollment (CVO) Credentials Verification Organization services including primary source verification, provider enrollment, privileging management, and medical licensing to maintain provider credentials and payer compliance.
- Provider Enrollment Provider enrollment with insurance companies and payers, ensuring proper provider status across payer networks including Medicaid MCOs.
- Medical Coding Audit CPC-certified coding review and audit services ensuring ICD-10, CPT, and HCPCS compliance and documentation accuracy.
- Medical Licensing Medical licensing services designed to prevent costly delays with streamlined multi-state licensing processes.
- Patient Access Contact Center Patient access services including scheduling, registration, multilingual intake, benefit verification, prior authorization, and patient communication across multi-location healthcare organizations.
- Finance & Accounting Outsourcing
Quantifiable outcome
- 50% reduction in total cost of ownership for credentialing and billing operations
- +14 more outcomes
Companies that use Neolytix
Customer profileNamed customers12 records
Segments7 records
Ideal customer profiles5 records
Neolytix technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability5 records
Feature6 records
Neolytix partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- NeoScribecoreNeoScribe (neoscribe.ai) is Neolytix's proprietary AI-powered medical scribing solution, developed in-house and positioned as a sister product within the Emerging Tech Solutions portfolio. It extends Neolytix's AI automation capabilities into clinical documentation, complementing the operational RCM and credentialing services with front-end clinical workflow automation.
Scale indicators16 records
Recent moves6 records
Expansion highlights6 records
Neolytix competitors and assessment
Company assessmentDirect peers
- Infinx: Infinx provides healthcare RCM, prior authorization, and patient access services with a dual-shore delivery model very similar to Neolytix. Both target specialty practices and compete for mid-market billing and credentialing engagements.
- AGS Health: AGS Health is an RCM and denials management BPO serving healthcare organizations with offshore-heavy operations, comparable in scale and specialty focus to Neolytix. Both compete on denial reduction outcomes and AR performance.
- Omega Healthcare: Omega Healthcare is a large RCM BPO with a dual-shore (US + India) delivery model serving US healthcare providers. Directly comparable on offshore delivery economics and full-spectrum RCM service scope.
- CorroHealth: CorroHealth provides RCM, coding, and clinical documentation services to hospitals and physician practices. Overlaps with Neolytix across coding audits, RCM, and specialty billing services.
- Modio Health: Modio Health provides credentialing and provider data management technology for healthcare organizations. Directly comparable to Neolytix's InCredibly platform on provider credentialing workflows.
- Medusind: Medusind provides RCM, billing, and practice management services to dental and medical practices. Comparable to Neolytix on specialty-group RCM and multi-specialty practice focus.
Broad incumbents
- R1 RCM: R1 RCM (now private under TowerBrook/CD&R) is a large enterprise RCM platform serving hospital systems and large medical groups. Broader portfolio and deeper enterprise reach than Neolytix, but overlapping core RCM functionality.
- Waystar: Waystar is a healthcare revenue cycle technology platform providing claims management, patient access, and analytics software. Competes with Neolytix at the software-and-services layer for mid-market and enterprise buyers.
- athenahealth: athenahealth is a major EHR + RCM platform serving ambulatory practices across the US. Overlaps with Neolytix via integrated billing services and is a competitor for mid-sized practice RCM contracts.
Emerging players
- CertifyOS: CertifyOS offers AI-enabled provider credentialing and network management software. Emerging technology-led competitor to Neolytix's credentialing/CVO service line with similar specialty-group buyer profile.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Neolytix social profiles
Digital presenceNeolytix compliance and trust
Trust signalCompliance3 records
Neolytix financial estimates
Financial estimateRevenue estimate
Valuation estimate
Neolytix leadership team
Management profileNumber of profiles
Profiles4 records
Neolytix subsidiaries and ownership
Company hierarchySubsidiaries1 record
Neolytix funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Neolytix M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Neolytix
What does Neolytix do?
Neolytix provides outsourced healthcare operations services for physician practices, multi-specialty groups, MSOs, and payer organizations. Core offerings include revenue cycle management, medical billing, credentialing and provider enrollment, medical coding audits, prior authorization, patient access contact center services, payer contract review and negotiation, remote patient monitoring, and specialized Spravato billing. Service delivery combines dual-shore operations (US + India/Philippines) with AI-powered automation, RPA bots, and proprietary platforms such as InCredibly.
Is Neolytix a public or private company?
Neolytix is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Neolytix founded?
Neolytix was founded in 2011. It employs 11 to 50 people.
Where is Neolytix based?
Neolytix is headquartered in Chicago, United States, in the North America region.
How does Neolytix make money?
Six revenue lines are on record. Managed Revenue Cycle Management Services are the primary driver. The others are credentialing & Provider Enrollment, payer Contract Review & Negotiation, spravato Billing & REMS Management, remote Patient Monitoring (RPM) and healthcare Marketing & Growth Services.
Who are Neolytix's main competitors?
Direct peers on record are Infinx, AGS Health, Omega Healthcare, CorroHealth, Modio Health and Medusind. Broad incumbents are R1 RCM, Waystar and athenahealth. CertifyOS is listed as an emerging player.
Does Neolytix have an API?
No public API is recorded for Neolytix.
What industry is Neolytix in?
Neolytix's product category is Healthcare Revenue Cycle Management Services. Its primary akta.pro industry code is BPAAAFAI, Provider Network, Credentialing & Contracting Support. Its NAICS code is 541511 and its SIC code is 7372.