With the acquisition of the Intelligent Document Processing (IDP) vendor, the technology-enabled healthcare revenue cycle management (RCM) provider is accelerating its investment in advanced intelligent automation to improve operational effectiveness, recovery rates and speed of collections for its healthcare provider clients.
Infinia ML, an Intelligent Document Processing (IDP) vendor, announced September 12 that it has been acquired by healthcare revenue cycle management (RCM) provider Aspirion. Financial terms were not disclosed.
According to Aspirion, Infinia ML will operate as the company’s research and development engine, focusing on forward-thinking AI capabilities to improve the financial performance of healthcare providers across the country.
Ya Xue, PhD, Vice President of Data Science and Co-Founder of Infinia ML, commented: “We are thrilled to join forces with Aspirion. Infinia ML’s ability to accelerate its rate of impact through the tailored use of data and focused use cases that come from this partnership will be transformative. Prior to the acquisition, Aspirion and Infinia ML engaged in a working partnership that has already garnered positive impacts. The acquisition simply accelerates our ability to create value for Aspirion and its clients.”
Amy Amick, CEO of Aspirion, explained: “Infinia ML brings the preeminent team of data scientists, strategists, and technologists with extensive AI capabilities and a scalable technology platform with a proven track record of success. Combining Infinia ML’s expertise with Aspirion’s deep RCM experience and market reach, we are uniquely positioned to further elevate revenue cycle performance for our client partners. Our investments to date in AI, Machine Learning, and Robotic Process Automation have yielded strong value for our clients. The acquisition of Infinia ML builds upon this foundation.”
In May, analyst firm Everest Group ranked Infinia ML as an Aspirant in both its Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2023 as well as its Unstructured Document Processing Products PEAK Matrix® Assessment 2023.
Durham, North Carolina-based Infinia ML offers an Intelligent Document Processing (IDP) platform that uses Machine Learning (ML) to extract data from documents that matters most, empowering enterprises in industries such as healthcare and life sciences, financial services, legal, risk and compliance to identify trends, improve processes, and make smarter, data-driven decisions.
You can find the full press release here.
🟡Get industry news distilled, every week: