by
Gus Iversen, Editor in Chief | July 14, 2026
The Chicago-based Experity has acquired Exdion Healthcare, an artificial intelligence-driven software company focused on revenue cycle management, in a move aimed at expanding automation across billing, coding and reimbursement workflows for urgent care providers.
Exdion develops software that automates portions of the patient chart-to-cash process, including medical coding, billing, compliance and other revenue cycle functions. According to the companies, the platform processes most patient visits with limited manual intervention by combining machine learning with healthcare-specific workflows.
Experity said the acquisition is intended to strengthen its revenue cycle management platform by integrating Exdion's technology with its existing electronic medical record, practice management and patient engagement products. The company said the combined platform is designed to reduce administrative work, improve claims processing and accelerate reimbursement for urgent care organizations.
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"This marks a decisive shift from labor-intensive RCM to AI-driven workflow optimization," said Jason McNeil, executive vice president of revenue cycle management at Experity. "Over the past several years, we've helped clients collect billions in revenue. Together with Exdion, we're positioned to significantly scale that impact, while reducing administrative burden, minimizing claim errors and denials, improving payment velocity, and closing gaps that lead to lost revenue."
Exdion President Lohith Reddy said organizations using the combined capabilities have achieved an 86% reduction in claim denials, along with improvements in coding quality, charge capture and revenue cycle speed.
Experity CEO Bobby Ghoshal said the acquisition supports the company's broader effort to add AI capabilities across its software platform for on-demand care.
The transaction does not include Exdion Healthcare's insurance-focused affiliate, which will continue operating independently. TripleTree LLC served as financial adviser to Experity and its private equity owner, GTCR.
Experity provides software and related services for the U.S. urgent care market. The company says its technology is used by nearly half of urgent care clinics nationwide.
Financial terms of the transaction were not disclosed.
