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September 5, 2024 · Los Angeles

AgentAI Completes First Acquisition — Physical Therapy & OT/ST Billing Company

Acquisition accelerates same-day claims processing for physical, occupational & speech therapy, mental-health, and chiropractic providers

AgentAI today announced the completion of its first acquisition, acquiring a 23-year-old revenue-cycle management firm serving physical, occupational, and speech therapy clinics as well as mental-health and chiropractic practices. The deal deepens AgentAI's specialty expertise and expands its nationwide customer footprint.

"Therapy and mental-health providers face unique billing complexities and chronic payment delays," said Zorik Gordon, CEO of AgentAI. "By combining the acquired company's domain knowledge with our same-day AI platform, we'll cut processing times from weeks to hours and unlock faster cash flow for clinicians."

The integration plan includes migrating the acquired company's workflows onto AgentAI's cloud platform, introducing real-time denial analytics, and rolling out specialty-specific coding automation. Existing customers gain access to AgentAI's 28-second average claim-touch time and 99% first-pass-success rate, while benefiting from enhanced reporting and HIPAA-grade security.

Original release on agentai.app →

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