Conduity provides a payment‑agnostic platform that automatically reconciles healthcare payments across banks, clearinghouses, merchant services, lockbox deposits, and EHRs. By continuously ingesting transaction data and using an automated matching engine, it delivers real‑time visibility, flags missing or misposted payments, and eliminates manual reconciliation errors, helping hospitals and physician groups prevent revenue loss and streamline their cash‑flow management.
Funding
Funding not disclosed
Founders
Product
Problem
Healthcare providers receive payments through a fragmented set of systems—including EHRs, clearinghouses, banks, merchant services, and accounting platforms—making it difficult to match and reconcile transactions. Manual reconciliation is time‑consuming, error‑prone, and often results in missed or misposted payments, leading to revenue loss.
Solution
Conduity offers a payment‑agnostic platform that continuously monitors and automatically reconciles financial data across the entire healthcare payment ecosystem. By ingesting transaction data from banks, clearinghouses, merchant services, lockbox deposits, and EHRs, the system identifies missing, mismatched, or incorrectly posted payments in real time. Automated matching reduces manual effort, prevents revenue leakage, and provides a single, up‑to‑date view of cash flow. The platform integrates with existing financial workflows without requiring changes to source systems, enabling providers to maintain accurate books and focus on patient care.
Target Audience
Primary customers are hospitals, health systems, and physician practice groups that manage complex, multi‑source payment streams and need to streamline their revenue cycle operations.
Features
- Real‑time ingestion of payment data from banks, clearinghouses, merchant services, lockbox deposits, and EHRs
- Automated matching engine that flags missing, duplicate, or misposted transactions
- Continuous reconciliation dashboard showing balanced financial status minute‑by‑minute
- Configurable alerts for unmatched or anomalous payments to prevent revenue loss
- Payment‑agnostic design that works with checks, EFTs, ERAs, card payments, and other transaction types
- Seamless integration with existing accounting and revenue cycle management systems via APIs