Thrivory has raised $3.5 million in equity and unlocked up to $25 million in credit to accelerate its push into real-time healthcare payments and expand adoption of its newly introduced ThriveNow API. The funding includes equity led by Redesign Health and an accordion credit facility anchored by Trinity Capital that increases capacity as the company scales.
The New York-based company, founded in 2023, aims to eliminate reimbursement delays by enabling providers to receive instant, non-recourse settlement of claims directly within electronic health record and practice management workflows.
The company’s announcement comes as providers face persistent challenges due to slow, uncertain reimbursement cycles. Many practices wait months for payments from insurers, leading to constrained growth, difficulties managing accounts receivable, and financial strain in high-cost specialties such as infusion, behavioral health, diagnostics, and imaging. Rising denial rates of approximately twenty percent have further destabilized cash flow, creating unpredictability and limiting investment in staffing, medications, and care expansion.
Thrivory’s core platform combines healthcare-specific AI underwriting with same-day funding to resolve these barriers. The company predicts claim outcomes with 96% accuracy, identifies denials before they occur, and advances up to 80% of expected claim value within hours. Because settlement is non-recourse, Thrivory absorbs losses on denied claims, preventing clawbacks and collections while giving providers complete payment clarity. The platform also provides detailed visibility into reimbursement timing, value, and opportunities for improved financial performance.
The company’s new ThriveNow API marks a significant step in embedding these capabilities within existing revenue cycle systems. The API integrates directly with EHRs and practice management platforms, enabling claims to be settled at the point of submission and automatically reconciling against explanation of benefits and electronic funds transfer at payout. Providers gain immediate liquidity to support payroll, medications, and operational investment, while EHR and PMS partners gain new revenue opportunities and deeper customer retention through embedded payments and analytics.
Thrivory reports that it is currently live with customers across multiple states and specialties, achieving zero losses and zero write-offs to date. Early adopters have seen growth accelerate by up to 200% after enabling instant settlement within their workflows.
With the funding, Thrivory plans to expand the reach of the ThriveNow API, enhance its risk models and analytics, and grow its underwriting and treasury operations to support increasing demand. The company aims to build a claims native financial infrastructure that normalizes instant settlement across healthcare and significantly reduces the billions of dollars tied up in provider accounts receivable.
KEY QUOTES
“Providers should not be forced to wait months to be paid for care they’ve already delivered. It’s an unsustainable and outdated business model. We built Thrivory so that every provider, from independent practices to specialty networks, can finally run their business with the same speed and certainty as the rest of the economy.”
Devon Seitz, Founder And CEO Of Thrivory
“Thrivory is solving a problem that has long undermined provider financial stability by accelerating payments in a way that’s risk free, reliable and deeply integrated. We backed Thrivory because their leadership team has already delivered: they’ve built strong partnerships, demonstrated predictive accuracy above 95% and shown clear traction in the market. The momentum is undeniable, and we believe same day claim settlement will become the new baseline for how providers are paid.”
Neil Patel, Redesign Health Head Of Ventures
“We are proud to partner with Thrivory and provide this credit facility supporting the company’s growth. Their working capital solution enhances financial flexibility for medical organizations of all sizes, enabling physicians to better invest in their practices and the communities they serve. Thrivory is executing this mission in a smart, safe, and scalable way and we are excited to see what the team accomplishes in the near term.”
Steven Lambe, Managing Director Of Asset-Based Lending At Trinity Capital
