Cylerity hires Epic veteran Michael Saito to lead operations and compliance

Cylerity has brought on Michael Saito, formerly of Epic, to run operations and regulatory compliance as the healthcare fintech expands across providers, health systems and financial institutions. The move underscores how the company’s push to connect healthcare reimbursement data with bank capital now depends as much on governance and controls as on software.

Why it matters: - Healthcare organizations often deliver care and absorb costs weeks or months before reimbursement arrives. - Cylerity is trying to turn future healthcare cash flows into working capital that can be used sooner. - Stronger data on claims, reimbursement and banking relationships can help lenders underwrite healthcare more accurately and lower the cost of capital for providers.

What happened: - Cylerity hired Michael Saito, formerly of Epic, to lead operations and regulatory compliance. - The company is expanding its platform across healthcare providers, health systems and financial institutions. - Saito will oversee the operational layer that connects healthcare data, reimbursement rules, banking controls, provider workflows and regulatory requirements.

The details: - Cylerity combines claims, reimbursement, operational and banking data to help healthcare organizations access liquidity while they wait for payment from Medicare, Medicaid and commercial insurers. - Cylerity does not factor receivables. - The company’s model is built to help banks better understand and underwrite healthcare cash flows. - Ryan Wheeler, Cylerity’s founder and CEO, said: “Healthcare finance is an orchestration problem.” - Wheeler said clinical systems, claims, payors, banks and regulatory requirements all have to work together. - At Epic, Saito helped operationalize nationwide health data exchange frameworks. - That work enabled large hospitals and clinics across the country to participate in data exchange and now supports the exchange of hundreds of millions of patient records for treatment each year. - At Cylerity, Saito will begin by scaling the company’s operational governance and compliance program. - Cylerity says that work is meant to reinforce its standing as a trusted partner to healthcare and financial institutions.

Between the lines: - Healthcare has spent decades digitizing clinical and reimbursement workflows, but financing those workflows has changed much more slowly. - Cylerity’s thesis is that reimbursement data can support a more dynamic financial infrastructure tied more closely to the timing and value of healthcare cash flows. - The Saito hire signals that Cylerity sees regulatory architecture and data governance as core product issues, not back-office chores. - Wheeler said Epic helped build much of the digital infrastructure through which healthcare operates, and Cylerity is building the layer that connects those workflows to the financial system. - The company is moving beyond accelerating individual claims toward a broader infrastructure layer that links healthcare organizations and capital markets.

What’s next: - Cylerity will lean on Saito to make its operations and compliance program more durable and scalable. - The company’s next test is whether claims, reimbursement and supply-spend data can support a more flexible, transparent and scalable form of healthcare working-capital finance. - Cylerity is also working with larger health systems, more sophisticated banking partners and more complex reimbursement structures, which raises the bar for controls and governance. - Cylerity is betting that healthcare reimbursement data can become a stronger foundation for capital access across the sector.

The bottom line: - Cylerity’s expansion is no longer just a product story. It is also a trust, compliance and infrastructure story.