Ashvin AI debuts to fix ‘broken system’
By HME News Staff
Updated 9:32 AM CDT, Mon October 20, 2025
BOSTON – Ashvin AI, a startup based here that calls itself “the financial operating system for DME providers,” emerged from stealth mode at the HME News Business Summit on Oct. 20 in Cleveland. Behind the company are:
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Mathew Mammen, co-founder and CEO, who previously founded Somnoware and is chairman of Prochant
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Nagarjuna Venna, co-founder and chairman, who co-founded BitSight and lectures at MIT; and
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Matt Cherian, CPO, and Sebastien Boyer, CTO
The company, which closed on a seed round in 2025, says its system results in referrals cleared in minutes, same-day patient setups and a 77% reduction in first-time claim denials.
“Our mission is deeply personal,” said Mammen. “I’ve built companies before, but this one comes from lived experience. DME providers lose revenue, referrals, and patient trust because the system is broken. We’re here to fix that — with technology that makes financial operations certain, not just faster.”
The company says its system provides:
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One source of truth – every referral, prior auth, coverage check, proof-of-delivery, and claim in one place.
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Actionable in real time – decisions made instantly, with full transparency into why.
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Absolute certainty – providers are “clear to ship” in hours and “clear to cash” in days
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