Thrivory, a healthcare AI specialist focused on eliminating reimbursement delays, has announced a combined $3.5m equity raise and access to up to $25m in credit as it scales its real-time payment technology for medical providers.
Thrivory’s funding round was led by Redesign Health, with a scalable accordion credit facility anchored by Trinity Capital.
The company introduced its new ThriveNow API in response to widespread cash-flow constraints faced by healthcare providers, who often wait months to receive insurer reimbursement. Thrivory aims to remove this financial bottleneck by offering fast, risk-free settlement directly within existing clinical workflows.
Founded in 2023, Thrivory applies healthcare-specific AI underwriting and real-time payments to address slow, unpredictable reimbursement cycles. Its platform predicts claim outcomes with 96% accuracy, identifies likely denials in advance and advances up to 80% of claim value within hours. Thrivory also absorbs losses on denied claims, removing the risk of clawbacks or collections and providing full transparency into claim timing and reimbursement value.
The new ThriveNow API embeds same-day claim settlement into EHR and practice management systems. It activates instant payments at the point of claim submission, offering automated reconciliation against explanation of benefits (EOB) and electronic funds transfer (EFT) at payout. For providers, this delivers immediate liquidity to fund medication, staffing and growth. For platform partners, it strengthens customer stickiness, generates recurring revenue and unlocks actionable analytics.
The firm is already active across multiple states and specialties, reporting zero losses and zero write-offs to date, alongside a net promoter score of 100. Some customers have experienced growth acceleration of up to 200% after integrating instant payments.
Thrivory founder and CEO Devon Seitz said, “Providers should not be forced to wait months to be paid for care they’ve already delivered. It’s an unsustainable and outdated business model.
“We built Thrivory so that every provider, from independent practices to specialty networks, can finally run their business with the same speed and certainty as the rest of the economy.”
Redesign Health head of ventures Neil Patel said, “Thrivory is solving a problem that has long undermined provider financial stability by accelerating payments in a way that’s risk-free, reliable and deeply integrated. We backed Thrivory because their leadership team has already delivered: they’ve built strong partnerships, demonstrated predictive accuracy above 95% and shown clear traction in the market. The momentum is undeniable, and we believe same-day claim settlement will become the new baseline for how providers are paid.”
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