Stedi

Stedi is a healthcare clearinghouse that sits between healthcare providers and payers (commercial and government insurers) to process the standardized insurance transactions mandated by HIPAA's Administrative Simplification requirements, including eligibility checks, claim submissions, claim status, and electronic payments. The company describes itself as a programmable clearinghouse: it exposes JSON-native, documented APIs for real-time and batch eligibility checks (270/271), professional, dental and institutional claim submissions (837P/837D/837I), claim attachments (275), claim acknowledgments (277CA), claim status (276/277), electronic remittance advice (835), transaction enrollment, and payer lists. It also supports paper claim submission, printing and mailing CMS-1500 and UB-04 claims to payers.

Alongside its APIs, Stedi offers an MCP server that gives AI agents access to the platform and Stedi Agent, an AI-oriented way to automate clearinghouse workflows. Transaction enrollment can be submitted via API or CSV, with Stedi handling requirements, signatures, and follow-up. The company also publishes EDI reference material, including documentation for X12 HIPAA transaction sets and tools such as an EDI Inspector, an NPI registry, a service type code lookup, and a searchable payer network.

Stedi contrasts its architecture with legacy clearinghouses, which it characterizes as pre-internet, on-premises systems assembled through decades of M&A under private equity ownership, with limited API functionality, siloed product catalogs, and constrained R&D spending."]

Business model

Stedi sells clearinghouse transaction processing to healthcare technology companies and established healthcare organizations through self-serve sign-up and a sales/demo motion, with dedicated Slack or Teams support channels for every customer.

Pay-as-you-go transaction pricing with no monthly minimums or setup fees; customers start with a free sandbox account and upgrade to production, paying only for transactions used.

Traction

As of March 2026, paying customers grew 6x year over year and billed transactions grew over 7x, with more than one billion claims and eligibility transactions processed annually. The company reports over 1,500 shared customer support channels, a median support response time that fell from 18.3 minutes to 6.7 minutes over 12 months amid a 6.4x increase in support volume, and connectivity to over 3,500 U.S. payers.

Latest developments

In March 2026 Stedi announced a $50 million Series C led by Addition, with plans to expand its product footprint and scale infrastructure, and said it would grow engineering and product teams. Recent product directions include the Stedi MCP server for AI agents and Stedi Agent for automating clearinghouse workflows, with a 2026 keynote scheduled for September 9.