TLDR:
Cohere Health, a clinical intelligence and prior authorization automation company based in Boston, has raised $50 million in equity funding. The funding round, led by Deerfield Management, brings the total amount raised by Cohere Health to $106 million. The company plans to use the funds to accelerate its expansion and meet the growing demand for its platform. Cohere Health aims to streamline the prior authorization process, reduce administrative expenses, and improve patient outcomes by aligning physicians and health plans on evidence-based care paths. The company currently serves five health plans and processes 5.5 million intelligent prior authorizations annually for over 15 million health plan members and 420,000 healthcare providers across the United States.
Key points:
- Boston-based clinical intelligence and prior authorization automation company Cohere Health has raised $50 million in equity funding.
- The funding round, led by Deerfield Management, brings the total amount raised by Cohere Health to $106 million.
- Cohere Health plans to use the funds to accelerate its expansion and meet the growing demand for its platform.
- The company aims to streamline the prior authorization process, reduce administrative expenses, and improve patient outcomes by aligning physicians and health plans on evidence-based care paths.
- Cohere Health currently serves five health plans and processes 5.5 million intelligent prior authorizations annually for over 15 million health plan members and 420,000 healthcare providers.
Boston-based company Cohere Health has secured $50 million in equity funding to support the expansion of its clinical intelligence and prior authorization automation platform. The funding round, led by Deerfield Management, brings the company’s total funding to $106 million. Cohere Health’s platform aims to streamline the prior authorization process by aligning physicians and health plans on evidence-based care paths. The company currently serves five health plans and processes 5.5 million intelligent prior authorizations annually for over 15 million health plan members and 420,000 healthcare providers. The funding will be used to accelerate the company’s expansion to meet the growing demand for its platform.
