Adonis, a revenue intelligence and automation platform, has experienced a ninefold growth in revenue in 2023 compared to the previous year. The company provides technology solutions that automate the payment collection process, analyze revenue trends, and validate patient insurance data at scale. Its goal is to help healthcare providers improve their revenue outcomes. Adonis has launched two new products in 2023: Automated Prior Authorizations and Revenue Intelligence. The prior authorization solution helps billing teams by identifying patient visits that require authorizations and notifying teams when authorizations are complete or denied. The Revenue Intelligence platform uses AI to detect anomalies and provide recommendations and courses of action to improve financial and operational outcomes. Adonis has also achieved several financial milestones and formed partnerships with companies such as ApolloMD, US Dermatology, and Baptist Health South Florida. The company raised $17.3 million in Series A financing in May 2023. Adonis plans to continue capitalizing on opportunities and pushing boundaries in revenue cycle management in 2024.
