Healthcare providers face financial challenges with the delays inherent in third-party payers reimbursement. Cylerity delivers the tools that healthcare financial managers need to transform payment delay into financial opportunity. #healthcare #finance #fintech
Cylerity
Financial Services
Madison, WI 102 followers
Empowering healthcare providers with financial tools and resources that support vibrant care delivery organizations.
About us
At Cylerity, we use technology and capital to deliver financial resources to healthcare providers—financial tools that are more attainable, more efficient and more effective. By broadening access to more responsive and lower cost financial resources, we foster healthcare delivery with broader access, greater affordability and higher quality. Unlocking the value in third-party payor accounts receivable, Cylerity provides a highly dynamic, low-cost advance on commercial insurance and medicare reimbursement claims. Our fintech platform inserts between a provider's clearinghouse and the payor, avoiding the need for a provider to make any changes to operations or RCM procedures. Advances are made within hours of claim submission, allowing cash to be used in cost-savings programs from procurement to debt-service. Our Fintech platform manages both performance and risk, solving the payment delay problem for healthcare providers and the collateral value problem for capital sources.
- Website
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https://cylerity.com
External link for Cylerity
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Madison, WI
- Type
- Privately Held
- Founded
- 2019
- Specialties
- healthcare finance
Locations
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Primary
Get directions
Madison, WI, US
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Get directions
Raleigh, NC, US
Employees at Cylerity
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Nashina Asaria
Angel Investor, Board member, Advisor, CPMO from seed to IPO. USA & Portugal. Passionate about Mission Driven Endeavors
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Ryan Wheeler
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Kenneth Penkowski
Centering people through design thinking to develop products and communication that drive growth.
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Aaryush G.
AI Engineer | Building what's never been built before
Updates
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If you’re looking for the best founders and mentors to grow your startup-up, look no further than CDL-Wisconsin
Cylerity, a recent CDL-Wisconsin graduate, develops financial improvement products for healthcare providers. Medical care providers often wait 45-90 days to receive payment from insurance companies after providing a service, leading to working capital challenges for physician practices, surgery centers, and hospitals. By leveraging modern data connections and machine learning, Cylerity’s solution ensures that providers are paid more quickly and accurately. With access to payment within 24 hours, healthcare providers can manage expenses more effectively, reduce costs, and fund growth--our congratulations to Ryan Wheeler and Kenneth Penkowski. https://cylerity.com/
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