Lyric builds healthcare decision intelligence technology, with a focus on payment accuracy for health plans. Its platform verifies insurance claims against policy terms, medical codes, and clinical documentation, applying automated validation to surface discrepancies and support consistent, explainable payment decisions. The company's stated aim is to reduce administrative waste in U.S. healthcare, where annual waste from incorrect payments is estimated at $266 billion across a nearly $5 trillion system.
The company's core product, Healthcare Decision Intelligence, processes claims at scale. According to Lyric, nine of the top ten U.S. health plans use its technology, and more than half the U.S. population is covered by systems it has built. The platform operates across a claims volume of approximately 3 billion per year.
Lyric's technical work spans AI, machine learning, automation, and clinical validation. The company has a geographic presence in the United States, the Philippines, and India.
