Claritev Corporation, a leading company in healthcare analytics and claims management listed on the New York Stock Exchange as CTEV, has made a strategic investment in Klaim, Inc. Klaim offers AI-based solutions that speed up healthcare payments. This funding will help launch a co-branded Payment Acceleration Service that connects with Claritev’s wide network of providers. The platform is meant to help healthcare organizations get reimbursements faster and more reliably in the United States and the Middle East and North Africa (MENA) regions.
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This partnership helps Claritev grow its presence in the MENA region and supports Klaim’s expansion in the U.S. By teaming up, the two companies combine Claritev’s payor-provider systems and its Advanced Code Editing (ACE) analytics platform with Klaim’s proven payment acceleration technology. They aim to create new standards for efficiency and financial stability in healthcare.
The new Payment Acceleration platform lets eligible healthcare providers in the U.S. and MENA regions turn pending insurance claims into quick cash. This cuts down the usual time it takes to get reimbursements, which can be anywhere from 30 to 120 days. Klaim will use Claritev’s ACE technology to check if claims are eligible and make better funding decisions.
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Healthcare providers who use the platform can expect benefits like more certainty about getting paid for their claims, less risk of cash flow problems due to denied or delayed claims, and the flexibility to choose how many claims they want to speed up based on their financial needs. The platform also reduces administrative work because Klaim handles claim verification and communication with payors. It’s designed to work well for small clinics, big hospitals, and multi-specialty groups.
Will Mintz, Claritev’s Chief Strategy Officer, said the investment shows the company’s dedication to improving cash flow for healthcare providers and making the healthcare system more financially strong. He added that merging Claritev’s trusted provider network and ACE technology with Klaim’s financial technology helps providers get paid faster and work with more confidence. Karim Dakki, Co-Founder and CEO of Klaim, mentioned that the partnership aims to create large-scale liquidity by turning delayed payments into reliable cash flow. This allows healthcare organizations to focus on caring for patients instead of chasing payments. He also noted that the investment marks the start of Klaim’s global restructuring, which will bring Klaim Middle East under Klaim Holdings Limited and Klaim, Inc. into a planned global holding structure.
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