Zelis, a healthcare‑technology firm backed by Bain Capital and Parthenon Capital, has acquired Utah‑based Rivet, a revenue‑cycle analytics provider founded in 2018. The deal, terms undisclosed, expands Zelis’s reach to more than 750 payers across the United States. Rivet’s CEO, Ted Ferrin, said the move “amplifies our mission to simplify healthcare payments and connects us with a culture of innovation that inspires us.” By adding Rivet’s data‑driven insights, Zelis can offer deeper analytics on claim denials, payment delays, and cost‑control opportunities—areas that insurers and providers battle daily. The acquisition follows a wave of consolidation in the health‑tech sector, as companies seek to bundle analytics, billing, and payer‑provider workflows into single platforms.

Next, Zelis will integrate Rivet’s tools into its existing suite, potentially opening new revenue streams and strengthening its competitive edge in a market where speed and accuracy of payments drive profitability. Industry analysts expect the combined platform to reduce claim processing times by up to 30%, benefiting both payers and patients through faster reimbursements.