AgentAI Secures $4 Million to Accelerate Same-Day AI Medical Billing
Slow Ventures leads July seed extension; Oceans Ventures doubles down
LOS ANGELES — July 15, 2024
AgentAI, the pioneer of same-day, AI-powered medical-billing automation, today announced a $4 million financing led by Slow Ventures, with continued participation from existing investor Oceans Ventures.
“AgentAI is shrinking a week-long billing cycle to minutes while preserving the human expertise practices rely on. Their blend of intelligent automation, expert billers, and a proven playbook for acquiring RCM firms makes them the most comprehensive solution we've seen.”
“Slow's backing—alongside our partners at Oceans—lets us scale same-day claims processing and grow through acquisitions of medical-billing companies that want to unlock premium valuations through AI.”
Why Providers and Billers Choose AgentAI
- Speed — Claims and denials processed within hours
- Accuracy — 99 % first-pass success rate
- Efficiency — Up to 80 % reduction in administrative workload
- Acquisition Model — Offers billing-company owners premium valuations and flexible deal structures, then applies AI to cut processing time from days to 24 hours and automate majority of manual tasks
About AgentAI
Founded in 2023, AgentAI pairs advanced machine learning with seasoned billing specialists to deliver same-day revenue-cycle performance for practices, hospitals, and RCM companies. Through its acquisition program, AgentAI provides medical-billing owners premium valuations and the opportunity to share in future growth.
About Slow Ventures
Slow Ventures is an early-stage venture capital firm with offices in San Francisco, Boston, and New York. A generalist investor, Slow backs founders at the earliest stages and supports them over the long haul on their journey to build enduring companies.