I3 Verticals Inc. (V1K)

Overview

i3 Verticals, Inc., based in Nashville, Tennessee since its founding in 2012, is a key player in providing integrated payment and software solutions, focusing predominantly on the public sector and healthcare markets within the United States. The company operates through two main segments: Software and Services, and Merchant Services. It stands out due to its comprehensive approach in delivering not just payment processing services but also a wide array of software solutions that cater to various essential functions across its target sectors. With a direct sales force and a network of distribution partners including independent software vendors, independent sales organizations, and value-added resellers, i3 Verticals aims to reach a broad clientele, ensuring their complex payment processing and software needs are met efficiently.

Products and Services

• Payment Processing Services for the Public Sector:

These services are designed to facilitate a variety of government-related functions. They support processes involved in upper and lower court case management, collections, finance and accounting, motor vehicle and carrier registration, e-filing, taxation, license plate inventory, property tax management, utility billing, professional licensing, document workflow, and law enforcement software. By providing these specific solutions, i3 Verticals enables seamless transactions and process efficiencies for public sector entities.

• School Payment Processing Functions:

i3 Verticals assists public schools with their payment processing needs, including the acceptance of payments for online or at school lunches and school activities. This service helps streamline the financial transactions for educational institutions, making it easier for them to manage their funds and resources efficiently.

• Healthcare Software Platforms:

The company offers platforms that support electronic healthcare records and revenue cycle management solutions. Additionally, it provides insurance adjudication, patient engagement platforms, billing, scheduling, and integrated payments solutions. These platforms are crucial for healthcare providers aiming to optimize their operations and improve patient care through advanced technology.

• Software for Medical Insurance Payers:

It includes workflow software and associated professional services catered to medical insurance payers. This solution helps in simplifying the complex processes involved in insurance claim adjudication and payment, thus facilitating a smoother operational workflow for insurance providers.

• Additional Software and Services:

i3 Verticals is involved in offering software licenses and subscriptions, transaction-based fees, ongoing software maintenance and support, and other software-related solutions. In addition, it provides payment processing and gateway fees, as well as other related fixed transaction or service fees. The company also sells equipment and offers non-software related professional services, further enhancing its comprehensive portfolio of solutions designed to meet the diverse needs of its clients.