Full-Time
Product Manager
Lyric
201-500 employees
AI-driven payer payment integrity platform
No salary listed
Hyderabad, Telangana, India
In Person
 Product (1) |
|---|
- Minimum of five (5) years of experience in a similar role or function
- Bachelor’s degree in Engineering, Business, Science, Mathematics, Finance, or Healthcare
- Build and nurture relationships with business partners, stakeholders, and customers through networking and teamwork.
- Leverage cross-functional relationships to achieve better outcomes for both the consumer and the business.
- Proactively identify complex business or client issues, analyze trends, and recommend data-driven actions.
- Foster collaboration across functions to help teams work effectively together.
- Take full product management responsibility for one large product area (>10 engineers) or two smaller teams (6–8 engineers).
- Set clear goals, standards, and protocols while managing resources effectively.
- Facilitate goal-setting and implementation in a fast-paced, growing company.
- Prioritize effectively, meet deadlines consistently, and propose process improvements.
- Contribute innovative ideas for problem-solving and product enhancements.
- Be recognized as a subject matter expert by peers.
- Actively identify opportunities for improvement across teams and processes.
- Influence and persuade others to adopt new ideas and approaches to achieve shared objectives.
- Communicate key initiative messages clearly to internal and external stakeholders.
- Deliver high-quality reports, presentations, and documentation.
- Adjust communication style for different audiences, including senior leadership and technical teams.
- Exhibit diplomacy and tact when handling business partners and sensitive discussions.
- Understand how your work contributes to the broader product and business objectives.
- Exercise critical thinking and problem-solving skills to deliver innovative products.
- Work independently while managing conflict and stress effectively.
- Break down complex tasks into actionable components and delegate effectively.
- Demonstrate strong data literacy and technical fluency in your domain.
- Understand backend/frontend architectures, APIs, and databases, and explain system interactions clearly.
- Collaborate closely with engineering to define technical requirements and document data contracts.
- Use analytics tools (e.g., SQL, Amplitude, GA, Mixpanel) to make informed decisions.
- Balance cost-benefit considerations when scoping MVPs versus full-feature implementations.
- Own and deliver on the product roadmap with precision and consistency.
- Manage priorities effectively and make informed trade-offs to meet deadlines.
- Take full responsibility for the quality and success of product deliverables.
- Identify and address issues requiring resolution.
- Use data to inform decisions, form perspectives, and communicate rationale to stakeholders.
- Manage complex stakeholder networks and ensure alignment with senior leadership.
- Exercise discretion and sound judgment when handling confidential matters.
- Experience managing agile product teams and collaborating with engineers and designers
- Strong analytical and problem-solving skills
- Excellent communication and relationship-building abilities
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
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$2.3B
Headquarters
Upper Merion Township, Pennsylvania
Founded
2007
Simplify's Take
What believers are saying
- 2025 Best in KLAS award cements leadership, 99% retention, $14B savings.
- Concert partnership expands Diagnostics Module for lab testing accuracy.
- SaaS 42 model cuts deployment costs, boosts ROI for health plans.
What critics are saying
- Codoxo integration empowers rival algorithms, erodes core market share.
- Concert commoditizes diagnostics, undercuts pricing for top payers.
- ClaimShark acquisition delays integration, drives churn to Cotiviti.
What makes Lyric unique
- Lyric's 42 platform integrates AI, partners, and single connection for payment accuracy.
- 35 years ClaimsXten expertise powers AI pre-payment edits for top payers.
- Replay COB automates benefits verification, maximizing recoveries across lines.
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Growth & Insights and Company News
6 month growth
↑ 4%1 year growth
↑ 0%2 year growth
↓ -1%Srilakshmi Kesari takes over as VP & India HR head, Lyric.ai. Lyric.ai has appointed Srilakshmi Kesari as its new vice president and country HR head for India, marking a significant addition to the company's leadership team. The AI-driven healthcare technology firm is expanding rapidly, and this appointment signals its focus on strengthening operations in one of its key global hubs. In her new role, Kesari will guide the overall people strategy for the India organisation. Her mandate includes nurturing a strong workplace culture, building a future-ready talent framework, and enhancing employee experiences across the board. The company is looking to deepen its capabilities in artificial intelligence, machine learning, and predictive analytics, and her leadership will be central to developing the skilled workforce needed to support these goals. Prior to this, she was associated with Tata Consultancy Services as its head-HR- talent engagement and development. She joined the company in 2023. Backed by 21 years of experience in strategic HR, Kesari's expertise lies in talent management, talent acquisition, resource management, compensation and benefits and employee relations. She has experience leading the entire gamut of HR in multinational companies as well as GCCs. An alumna of Andhra University, she has proved her excellence in creating and implementing talent- acquisition strategies ranging from university relations through senior executive recruitment. Kesari's appointment comes at a time when the company is accelerating its mission to simplify the business side of care. By strengthening talent practices and shaping a cohesive culture, she is expected to enable teams in India to deliver greater impact and support Lyric.ai's broader vision of building intelligent, reliable and scalable healthcare solutions. With this leadership change, Lyric.ai aims to reinforce its commitment to building a high-performing, people-centric organisation as it continues to grow its global presence.
Lyric, an AI-powered platform, has secured $43.5 million in a Series B funding round led by Insight Partners. The company, based in Sunnyvale, California, addresses the challenges of outdated supply chain software by providing dynamic and flexible solutions. Since emerging from stealth 18 months ago, Lyric has achieved 500% revenue growth and now supports nearly 30 major global enterprises. To date, Lyric has raised a total of $67 million.
Lyric, a leader in healthcare payment accuracy, has acquired ClaimShark, a payment integrity technology platform. ClaimShark's solutions will be integrated into the Lyric 42 Platform, enhancing AI-driven offerings for health plans.
As HLTH 2024 prepares to convene in Las Vegas, the anticipation for groundbreaking insights and transformative discussions is palpable. To get a glimpse into the key themes and predictions shaping this year’s event, we reached out to 21 digital health executives for their expert perspectives.From the rise of generative AI and the evolving role of virtual care to the increasing focus on health equity and value-based care, these industry leaders offer a diverse range of perspectives on the most pressing challenges and promising opportunities facing the healthcare ecosystem.Join us as we delve into their predictions and explore the trends that are poised to redefine the future of healthcare at HLTH 2024.Ryne Natzke, chief revenue officer, TrustCommerce, a Sphere company, a provider of end-to-end integrated healthcare payments and security softwareAI, AI, and more AI! I’m looking forward to seeing how AI is being applied to help clinicians, patients, and other staff members provide better patient experiences and outcomes. Everything is moving so quickly that it will be exciting to get an update on where the industry is going.James Aita, director, Strategy and Business Development, Medicomp Systems, a physician-driven provider of diagnostically connected patient data solutionsOf course AI is the hot topic at HLTH this year–but with the new regulations from ASTP/ONC, the question is how can it be usable, trustworthy, transparent and helpful. I’m also interested in seeing who else is making AI and clinical data helpful at the point of care to reduce the burden on clinicians and inform patient care.Lyle Berkowitz, MD, CEO, KeyCare, the nation’s first Epic-based virtual care companyI always look forward to HLTH and seeing presentations of the newest cutting-edge technology and ideas. This year, I’m expecting deeper and wider use cases of AI to lead the charge. But in addition to technology innovations, I’m also hoping we will hear about other people and process topics such as how to set up virtual care teams and how to rethink primary care physician compensation to better align around adoption of automation and team-based care.Kazu Okuda, MD, CEO and co-founder of Universal Brain, whose platforms use brain-function measurement to drive precision psychiatryThe emergence of personalized treatment is an exciting field that I expect to take center stage at HLTH this year
Mark Turner, Vice President, Clinical Content, LyricIn the fast-evolving and intricate landscape of payment integrity, the value of prepay editing is paramount. As powerful AI and advanced analytics are being applied earlier in the claim adjudication process, the importance of next-generation claim editing capabilities will separate health plan leaders from laggards.If you’re equating claims editing with medical savings alone—you’re missing the boat and the opportunity. Because forward-thinking payment integrity and claims operations leaders recognize that prepay editing, and its underlying best practices, improve administrative costs, plan member satisfaction, and provider relationships. Here are ten best practices of prepay editing, which health plans should be using today:Staying Agile with Regulatory UpdatesIn a sector governed by stringent regulations, it’s crucial for health plans to stay updated on policies and regulations from authorities that include CMS and the AMA. This proactive approach helps ensure compliance and efficiency, positioning your plan as a leader in payment integrity. Fostering Strategic Alignment in Claims EditingFinding the right balance between maximizing savings and maintaining positive provider relations is critical. Building “better bridges” between plans and providers involves both applying traditional sources of rules, as well as plan policies rooted in evidence-based data and resources. This approach improves trust and transparency, leading to more sustainable, mutually beneficial relationships with providers. 3. Harnessing AI for Enhanced AnalyticsAI offers transformative potential in analyzing healthcare claims, enabling plans to identify trends and anomalies effectively. When combined with human oversight, AI becomes a powerful tool for enhancing decision-making processes. This technology should be utilized to amplify the capabilities of your team, including experienced medical directors and certified coders, ensuring a deeper and more accurate analysis of claims data.Periodically Reviewing CarveoutsRegular re-evaluation of exclusions and the scenarios that lead to them is essential