TLDR:
- Lore Health raised $80M for an app that combats stress and loneliness.
- SmarterDx secured $50M for clinical AI to improve hospital revenue integrity.
SmarterDx, a clinical AI startup, secured $50 million in series B funding to bolster hospital revenue integrity. The funding round was led by Transformation Capital and included investments from Bessemer Venture Partners, Flare Capital Partners, and Floodgate Fund. The company’s AI technology understands clinical reasoning and provides complete auditability to help health systems close revenue integrity gaps. SmarterDx finds an average of $2 million in net new annual revenue per 10,000 patient discharges for its clients, which include some of the largest hospitals and health systems in the U.S.
On the other hand, Lore Health, a startup focusing on combating stress and loneliness, raised $80 million in funding from Polaris Ventures. The company’s app utilizes AI technology and a social network to provide support for users facing various challenges. With a unique generative AI model called LoreBot, the app offers users a platform to share their experiences and receive encouragement. Lore Health’s business model is based on healthcare savings, with no upfront charge for users to join the platform. The company has already raised $100 million in funding and is accessible through various health plans, health systems, and employers.
Other notable funding rounds in the health tech and digital health industries include Rad AI raising $50 million, Chapter securing $50 million for Medicare navigation services, Sift Healthcare reeling in $20 million, Opmed.ai garnering $15 million, Triomics nabs $15 million, Livara Health snags $15 million, Trovo Health clinches $15 million in seed funding, Backpack Health picking up $14 million for pediatric mental health, Watershed Health securing $13.6 million, Blackwell Security backing cybersecurity with $13 million, Ciba Health obtaining $10 million for chronic disease conditions, Acclinate grabbing $7 million, Piction Health receiving $6 million, Phenomix Sciences pocketing $5.5 million, Daffodil Health securing $4.6 million, and In-House Health nabbing $4 million for an AI-enabled scheduling platform for nursing teams.
