Experity Acquires Exdion Healthcare to Accelerate AI-Driven

The acquisition supports Experity's strategy to combine clinical, operational, and financial workflows with AI. By adding Exdion's technology, the company aims to help urgent care providers speed up reimbursements, reduce manual tasks, and improve financial performance.

Exdion's AI platform processes most patient visits automatically. It uses proprietary machine learning and healthcare-specific data workflows to improve accuracy and efficiency while reducing the need for manual work.

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The insurance-focused affiliate of Exdion Healthcare is not part of the acquisition and will continue operating independently. Financial terms of the deal were not disclosed. TripleTree, LLC served as advisor to Experity and GTCR on the transaction.

"The combined capabilities of Experity and Exdion deliver measurable, transformative results," said Lohith Reddy, President of Exdion. "Together, we already support enterprise level urgent care organizations. Through this partnership, customers achieve an 86% reduction in denials, along with improvements in coding quality, charge capture and revenue cycle velocity."

"Exdion is about accelerating outcomes," said Bobby Ghoshal, CEO of Experity. "We're advancing our RCM platform with built in intelligence that streamlines operations and drives efficiency. Its a practical step forward for the clients we serve and a key component of our AI Operating System for On-Demand Care."

"We believe the combination of Experity and Exdion brings together complementary strengths to accelerate innovation, scale differentiated AI capabilities, and build a unified, market leading platform that delivers meaningful value to both patients and providers," said Radu Cret, Principal at GTCR.

"This marks a decisive shift from labor intensive RCM to AI driven workflow optimization," said Jason McNeil, EVP of RCM for Experity. "Over the past several years, we've helped clients collect billions in revenue. Together with Exdion, we are positioned to scale that impact significantly, while reducing administrative burden, minimizing claim errors and denials, improving payment velocity and closing gaps that lead to lost revenue."

About Experity

Experity is a leading software and services provider for the U.S. urgent care market. Its AI-powered platform includes electronic medical records (EMR), practice management, patient engagement, revenue cycle management, teleradiology, and business intelligence tools. The company also owns Urgent Care Consultants and OnePACS, a radiology picture archiving and communication system (PACS), to support urgent care providers with additional clinical and operational services.

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