Liquid FSI & TVS Next Launch Blockchain Risk Tool Targeting $1 Trillion in A/R to Accelerate Liquidity in Healthcare
New York, Feb 27, 2019 – PRNewswire
Liquid FSI, Inc., (www.liquidfsi.com), a pioneer in credit risk analytics that enable on-demand payments in the healthcare industry, announced today that it will launch a new Blockchain based underwriting tool on March 4, 2019. The platform was a joint development effort with TVS Next, (www.tvsnext.io), one of the world’s leading information technology companies, based in New York and Chennai, India.
“Our on-demand payment solution, Convert2Pay™, allows banks, hedge funds, and PE firms to better understand risk. Our solution includes a new asset-based scoring algorithm that scores each claim individually, reports changes in the net asset value, and report variances by week/month/year. It also solves a myriad of issues including the privacy of Provider—Biller—Payer—Patient data. Blockchain will also support Liquid FSI’s mobile App, LIQUID MD. The use of Cipher keys and smart contracts is a perfect application since healthcare is a highly fragmented marketplace,” says Liquid FSI President and CEO, Frank Capozza.
“We believe that more lenders will participate in the healthcare sector and, as a result, drive down the cost of borrowing,” Capozza concluded.
Liquid FSI provides banks and funds with a low-cost way to acquire, underwrite, and monitor healthcare businesses via a dedicated Lender Portal. Because the Company’s machine learning platform integrates into the medical billing ecosystem, Providers can use the platform to access on-demand liquidity.
The U.S. healthcare industry is expected to top $6 trillion with well over $1 trillion in A/R in the next 8 years.
Last year, Liquid FSI hired Sundeep Kumar, CFA, as its Chief Operating and Risk Officer from JP Morgan Chase. Kumar is a recognized expert in Blockchain technology. The Company also appointed Dr. Diwas KC, to its board of advisors. KC is a nationally known expert in U.S. healthcare operations and a data scientist. He is a professor at Emory University.
Founded in 2015, Liquid FSI, Inc. is a New York-based FinTech company focused on the $3.6 trillion U.S. healthcare industry. Using machine learning and proprietary algorithms the Company is targeting nearly $1 trillion in Provider receivables.
About TVS Next
TVS Next is part of the TVS Group, a globally diversified conglomerate with presence in over 130 countries. Since 2015, TVS Next has helped high growth businesses reimagine, design, and develop software that has delivered transformational outcomes for businesses using our connected brilliance of engineering, intelligence, and experience at a speed that is unmatched.
Connect with TVS Next at www.tvsnext.io or on LinkedIn.
For more information, contact:
Ravikumar Rajagopal, Head of Marketing