Lyric AI provides analytics-driven health care payer solutions to improve payment integrity and efficiency for health plan payers, built on 30 years of ClaimsXten experience and using AI, machine learning, blockchain, and large language models to detect improper payments. The platform connects to transactional systems once and offers a range of first- and third-party payment integrity checks through a subscription-based model and transaction fees. It differentiates itself with a long track record, deep domain expertise, high customer retention, and substantial client savings of about $12–$14 billion per year, currently serving nine of the top ten payers. The goal is to help payers maximize payment accuracy and integrity, reduce costs, and maintain compliant, efficient payment operations.
Company Size
501-1,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$90.9M
Headquarters
Upper Merion Township, Pennsylvania
Founded
2007
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