Ludi, Inc.

Ludi, Inc. is a US-based company specializing in payment automation solutions for healthcare providers, focusing on physician compensation and contract management through its innovative platform, DocTime®. Founded in 2012 and headquartered in Nashville, US, Ludi, Inc. provides specialized software for managing physician compensation.

The company has completed four deals, with its most recent funding round, Series A, raising USD 1. 00 mn from Martin Ventures on December 13, 2023. The founder, Gail Peace, has a background in healthcare technology, contributing to the company's strategic development. Ludi, Inc.

specializes in physician compensation and contract management software, prominently featuring its core product, DocTime®. This innovative platform is designed to streamline the complexities of compensation management for healthcare providers, addressing various arrangements such as production compensation and administrative contracts. By automating processes, DocTime® enables healthcare organizations to efficiently track, calculate, and reconcile payments based on productivity metrics like wRVUs, while also supporting time and effort logging for various contracts. Its user-friendly interface caters primarily to finance and compensation teams, providers, as well as compliance and legal teams within healthcare institutions.

The software is deployed across multiple geographical markets in the United States, including urban and suburban healthcare facilities, aiming to enhance operational efficiency and strengthen provider relationships. Ludi, Inc. operates on a subscription-based revenue model, providing its services mainly to healthcare organizations which include hospitals and health systems. Clients engage with Ludi by subscribing to its DocTime® software suite, which facilitates comprehensive management of physician compensation processes.

Revenue is generated through these subscription plans, which may vary based on the scale and specific needs of the healthcare provider. Partnerships are also a crucial component of Ludi's business transactions, as they collaborate with organizations to integrate DocTime® into existing financial systems. The transaction structure is designed to ensure ongoing service and support, reflecting the company's commitment to enhancing compliance and operational transparency within its client base. In December 2023, Great Point Partners acquired Ludi, Inc.

through recapitalization, with financial terms undisclosed. The company plans to utilize the recent funding to enhance its product offerings and expand into new healthcare markets across the US. Specific markets targeted for expansion include both urban and suburban regions, with an aim to broaden their footprint in the healthcare software sector, supporting ongoing development and product innovation.