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Investor brief · June 2026

Every payer rate in America is now public. We build for the side that gets paid.

Reddenda is AGENTic Intelligence Infrastructure for Modern HealthCare: one normalized federal rate index, a free RateScore that turns any NPI into a funnel, flat-fee products timed to contract renewals, and a wholesale channel through the billing companies that run the industry.

Pre-launch Pre-revenue No traction claims on this page

Every number on this page carries its provenance

In the pipeline †
~29M
normalized rate observations, built from federal Transparency-in-Coverage filings
Public NPPES registry
9.2M+
provider identities resolved, the industry's atomic unit
Build-out target
314M+
federal rate records in scope across all 50 states
By architecture
0
PHI required, for any snapshot, ever

Our publishing rule: the verified number, or no number. The pipeline count is our internal figure as of June 2026 and is independently re-verified for the data room. Build-out targets (314M+ records, all 50 states, monthly refresh) are forward goals, not current counts.

The market

A federal rule rewrote the information structure of a multi-trillion dollar industry. The supply side never got its terminal.

Act 01 · The unlock

The most guarded dataset in healthcare became public, by law.

Since July 2022, the federal Transparency in Coverage rule (45 CFR Part 180) has required every commercial payer to publish every negotiated rate with every provider, in machine-readable files, refreshed monthly. The complete price book of American healthcare now sits on the open internet.

Act 02 · The asymmetry

Published for the little guy. Usable only by the big ones.

The files were built for compliance, not comprehension: terabyte-scale JSON with no interface. The buyers who could afford to parse them, payers, health systems, and consultancies, got sharper. The independent practice, the constituency the rule was written for, still negotiates its renewals blind.

Act 03 · The wedge

One field. About 15 seconds. Zero PHI.

Reddenda starts where the industry's identity already lives: the NPI. A provider types one number and sees a RateScore and where their contracted rates sit against peer benchmarks. Nothing to install, nothing to upload, nothing to sign. The product is the top of the funnel, so acquisition compounds like software, not like an ad budget.

One engine, every surface

One rate index feeds every product we sell.

01 · NPI INIdentity resolved against the public NPPES registry
02 · RATE INDEXNormalized from federal Transparency-in-Coverage filings
03 · BENCHMARKCMS Physician Fee Schedule + peer percentile bands
04 · RATESCORE300 to 850, rendered in about 15 seconds

The free score creates the moment of truth. The paid ladder meets it: a payer-ready Leverage Memo at renewal time, a full Practice Audit, continuous Pro monitoring, and portfolio and wholesale tiers above it. Every paid surface draws from the same index the free score runs on. Walk the pipeline or read the methodology.

Business model

Flat fees, posted publicly. Nothing contingent, nothing variable.

Every price below is rendered live from the same pricing source of truth the product uses. What an investor sees here is exactly what a customer sees at checkout.

Top of funnel Practice Snapshot + RateScore Free Any NPI. About 15 seconds. No PHI, no card, no account. The acquisition engine.
One-time · founding price Leverage Memo A payer-ready negotiation memo for a single renewal. Bought at the moment of need.
One-time · founding price Practice Audit Full-practice review: every code, every payer, one strategy document.
Recurring Reddenda Pro or Continuous monitoring, alerts, saved snapshots, renewal support. The retention spine.
Recurring · multi-NPI Growth Portfolio Structured per book Portfolio command for multi-location groups and owner-operators of several NPIs. Priced to NPI volume and scope on a walkthrough.
Autonomous · waitlist AGENTic Rate Monitor Autonomous rate watching across a whole payer mix. Priced when it ships, not before.
The channel Agency wholesale, priced per NPI Billing companies and MSOs buy by committed roster volume, white-label the intelligence, and resell under their own brand. Flat per-NPI monthly, stepping down by band; partner economics are structured on the walkthrough. CSV in, CSV out. Zero PHI, so no BAA drag on the sales cycle. How the partnership works.
20 to 49 NPIsPilot band
50 to 99 NPIsWorking band
100+ NPIsScale band

Founding prices show their list anchor. Documented reimbursement opportunity language only, never an outcome promise: actual results depend on payer response, contract terms, documentation, and negotiation.

The moat

Two compounding loops, one structural edge.

Loop 01

The RCM supply chain becomes the distribution channel.

Independent healthcare already runs on billing companies and management organizations, and every one of them operates a roster of NPIs. Wholesale pricing per NPI means winning one partner onboards a roster, not a practice. The channel sells for us, white-labeled, with margin they keep. The industry's own supply chain carries the product to the long tail no sales team could ever reach economically.

Loop 02

The benchmark gets sharper with every practice that engages.

The public corpus is the floor, not the ceiling. Practices that engage can contribute what federal files never show: fee schedules, realized payments, renewal outcomes. Each contribution tightens the peer bands for everyone after it, and a benchmark the market contributes to is a benchmark no one can fork. The loop is designed in from day one; its compounding is an engineered-stage claim, not a proven one, and we label it that way below.

Zero-PHI architectureNothing sensitive to hold, nothing to breach, and no BAA negotiation slowing a self-serve or wholesale sale. The free snapshot needs one public identifier.
Public-data cost basisThe corpus refreshes monthly by federal mandate, not by licensing spend. The expensive part is the normalization engine, and that is the part we own.
Renewal-timed demandContracts come up on a calendar. Rate intelligence is bought at the moment a renewal lands, and the funnel is built to be standing there when it does.
How we report

Proven. Engineered. Committed.
Every claim wears its stamp.

Three stamps, strictly applied. Proven is verifiable today. Engineered is built and operating but not yet market-validated. Committed is a dated forward goal. Nothing on this page is allowed to dress up as the stamp above it.

Proven

Exists and is verifiable today

  • P-01
    Federal ingestion is live: ~29M normalized rate observations in the pipeline.Built from Transparency-in-Coverage filings. Internal count, June 2026; the data room carries the independently verified figure.
  • P-02
    Identity layer resolved: 9.2M+ provider records from the public NPPES registry.The full national provider universe, addressable by a single field.
  • P-03
    The product is live: NPI to RateScore in about 15 seconds, zero PHI, no account.Run it yourself before you email us. That is the diligence we recommend first.
  • P-04
    Published flat-fee price list across every SKU, from one pricing source of truth.The prices on this page render from the same module the product uses.
  • P-05
    AWS Activate member. Growth Factory x Sierra College Startup Accelerator, Summer 2026.Program affiliations, stated as exactly that and nothing more.
Engineered

Built and operating, not yet market-validated

  • E-01
    Agency wholesale mechanics: per-NPI ladder, white-label delivery, CSV in and out.The channel machinery exists; partner revenue does not yet, and we say so.
  • E-02
    Monthly federal refresh automation: detect, ingest, atomically replace, never serve empty.The cadence that keeps the index honest without headcount.
  • E-03
    Outbound engine: NPI-keyed CRM, lead scoring, personalized dashboard funnel.Every prospect sees their own documented reimbursement opportunity, never a generic pitch.
  • E-04
    Predictive scoring architecture with a structurally enforced authorized-data ledger.Models can only train on sources in the ledger. The legality is designed in, not policed.
Committed

Dated forward goals, not current counts

  • C-01
    Full federal scope: 314M+ rate records, all 50 states, monthly cadence.The build-out target the ingestion engine is pointed at.
  • C-02
    Portfolio command for multi-NPI groups.Q4 2026.
  • C-03
    Behavioral health parity reporting.Q3 2026, waitlist open.
  • C-04
    DME audit-defense rate intelligence.Q1 2027, waitlist open.
What you will not find here

No revenue, no customers, no growth curves, no pipeline theater. We are pre-launch. The first traction number we publish will be a verified one, and it will sit in the Proven column or it will not appear.

Why now

Three curves crossed at the same time.

01 · The data maturedThree years of enforcement turned first-generation filings into a stable monthly corpus.

The Transparency in Coverage rule took effect in 2022. The files are now regular enough, and complete enough, to be worth indexing as infrastructure.

02 · The cost curve crossedNormalizing terabyte-scale filings used to be an enterprise project. Now it is an operating expense.

Modern tooling lets a small team run continuous ingestion that would have required a data division three years ago. The moat is no longer capital, it is the engine and the head start.

03 · The squeeze is the urgencyConsolidation pressure on independent practices keeps rising, and every blind renewal feeds it.

Practices that cannot see their own rates sell to systems that can. The counter-pressure is information, delivered at the price of a software subscription instead of a consulting engagement.

The ask

Request the data room.

It carries what this page deliberately leaves out: independently verified pipeline counts, the architecture, the financial model, and the build plan with dates. One email. The founder replies personally.

Request the data room
david@tryreimburseos.com

Reddenda is built by TwinFlame Group · Pre-launch, June 2026