Humata Health raised $25M from investors. The company, based in Winter Park, FL, creates prior authorizations using AI and automation for payers and provider.
The round was led Blue Venture Fund, representing the majority of BCBS Plans, and LRVHealth, representing nearly 30 health systems, payers and providers, with participation by Optum Ventures.
The company plans to use the funds for expanding the scope of its proprietary AI technologies. It will also expand its customer base to include leading healthcare providers and start partnering with payers and delegates to deliver complementary solutions to help them streamline prior approvals.
Humata Health, led by CEO Jeremy Friese provides a platform which transforms the experience of prior authorizations from beginning to end for both payers and providers. Its AI engine uses machine learning and its proprietary database to make informed recommendations about the clinical documents that should accompany submissions to improve quality. Its technology is used by more than 42,000 doctors at 225 hospitals in the United States to automate the manual and increasingly complex process of prior authorizations. This process often serves as a checkpoint to ensure that prescribed care is clinically appropriate.
FinSMEs
20/06/2024