Raintree Systems has acquired AI health startup Spike Technologies to integrate its agentic AI voice technology into Raintree’s electronic health record (EHR) platform. The acquisition will help automate revenue cycle management (RCM) and patient engagement workflows for rehabilitation and physical therapy providers. Financial terms of the transaction were not disclosed.
About Raintree Systems
- Raintree Systems is an EHR and practice management platform serving rehabilitation and physical therapy organizations. The company provides solutions for clinical documentation, patient engagement, revenue cycle management, and business intelligence, helping providers manage daily operations more efficiently.
- Raintree also develops AI-powered healthcare solutions designed to improve clinical and administrative workflows. The company holds SOC 2 Type II certification and offers an ONC-certified EHR built specifically for rehabilitation therapy providers.
About Spike Technologies
- Founded in 2022 and operating from San Francisco and Vilnius, Spike Technologies develops AI voice technology for healthcare. Its platform automates administrative tasks such as insurance eligibility checks, prior authorizations, claims follow-up, payer communications, patient outreach, and scheduling.
- The company is backed by investors including Practica Capital, The Venture City, Plug and Play, Geek Ventures, CEAS Investments, and NVIDIA Inception. Spike has been recognized as one of the Baltics’ fastest-growing health AI startups, with a technical team that includes machine learning PhDs and alumni from Cambridge, Google, Bloomberg, Oracle, and Amazon One Medical.
Details of the acquisition
- Through the acquisition, Spike’s AI voice technology will be integrated directly into Raintree’s EHR platform, enabling providers to automate time-intensive administrative workflows. The AI agents are designed to handle complex processes by using contextual information and completing multi-step tasks.
- The combined platform will support healthcare organizations in reducing manual workloads, improving operational efficiency, and allowing staff to focus more on patient care.
