AgentAI Acquires CBS Billing, Extending AI-Driven RCM Into Therapy, Mental-Health & Chiropractic Practices

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

LOS ANGELES — September 5, 2024

AgentAI today announced the acquisition of CBS Billing, 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. By combining CBS Billing'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 CBS Billing's workflows onto AgentAI's cloud platform, introducing real-time denial analytics, and rolling out specialty-specific coding automation by early 2025. Existing CBS Billing customers will 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.

About AgentAI

Founded in 2023, AgentAI pairs advanced artificial intelligence with expert billers to deliver same-day revenue-cycle performance for medical practices, hospitals, and RCM companies. Through its acquisition program, AgentAI provides billing-company owners premium valuations and opportunities to share in future growth.