TLDR: Humata Health Closes $25M Funding
Key Points:
- Humata Health, a Winter Park, FL-based company, raised $25M in funding led by Blue Venture Fund and LRVHealth.
- The company plans to use the funds to expand its AI technologies and partner with healthcare providers and payers.
Humata Health, a Winter Park, FL-based company, recently secured $25M in funding from investors such as Blue Venture Fund and LRVHealth. The company specializes in creating prior authorizations for payers and providers using AI and automation technology. Led by CEO Jeremy Friese, Humata Health aims to improve submission quality by offering informed recommendations for clinical documents through its AI engine.
The funding round included participation from Optum Ventures, .406 Ventures, and Highmark Ventures, among others. Humata Health plans to use the funds to expand the scope of its proprietary generative AI technologies, broaden its customer base, and begin partnering with payers and delegated entities to deliver complementary solutions for streamlining prior authorizations.
With over 42,000 physicians at 225 hospitals across the country already using its technology, Humata Health is making strides in automating the manual and complex process of prior authorizations. This process is crucial in ensuring that prescribed care is clinically appropriate, and the company’s AI-driven platform aims to simplify and enhance this experience for both providers and payers.
