What You Should Know:
- SPRY PT today unveiled the industry’s first AI-powered Prior Authorization & Eligibility solution, proven to automate 80% of the prior authorization workflow while ensuring 100% of authorizations are completed through a combination of AI automation and expert review.
- The solution reduces related denials by up to 75%, streamlines workflows across major payers including Carelon/BCBS, UnitedHealthcare, and Humana, and provides unlimited, real-time eligibility
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Capacity Acquires Conversational AI Platform KLaunch to Improve the Patient Experience
What You Should Know:
- Capacity, the AI-powered support automation platform for Contact Centers, announced its acquisition of KLaunch, a conversational AI company that helps healthcare companies better connect with their customers. Financial details of the acquisition were not disclosed.
- With patient demands at an all-time high, physicians are turning to AI to ease administrative burdens. The acquisition allows Capacity to tap KLaunch’s conversational AI and healthcare industry
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Northwell Health and Brightline Partner to Expand Pediatric Mental Health Services
What You Should Know:
Northwell Health, New York's largest healthcare provider and private employer, today announced a strategic alliance with Brightline, the leading therapy and psychiatry practice that delivers pediatric, teen, and parental mental healthcare.
The collaboration offers patients enhanced access to evidence-based, family-centered mental healthcare, both in-person at Brightline’s New York clinic locations in Brooklyn and Lake Success, and virtually, addressing the urgent and
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Penguin AI Secures $29.7M to Automate Healthcare Administrative Workflows
What You Should Know:
- Penguin Ai, a healthcare artificial intelligence company that solves administrative burdens, announced today that it has secured $29.7 million in venture funding, including a $25M Series A led by Greycroft.
- Other participants in the financing include UPMC Enterprises, SemperVirens, Snowflake Ventures, Watershed Ventures and Horizon Mutual Holdings, Inc, the parent of New Jersey’s largest and oldest health insurer.
Purpose-Built AI
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University Hospitals to Deploy Hippocratic AI’s Conversational Agents
What You Should Know:
- University Hospitals, a nationally recognized academic health system named by U.S. News & World Report to its Best Hospitals list, an achievement it has made 27 years in a row and Hippocratic AI, the global leader and pioneer in generative AI healthcare agents, today announced a strategic collaboration to transform how patients are supported across the care journey.
- The collaboration will focus on deploying Hippocratic AI’s conversational agents to enhance
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Teton.ai Secures $20M for Predictive AI Platform to Reinvent Elderly Care
What You Should Know:
- Teton.ai, the predictive intelligence company for modern healthcare, today announced a $20 million Series A fundraise.
- The round was led by Plural, which also led Teton’s seed round, with participation from Bertelsmann Investments, Antler Elevate and Nebular and follow-on investment from PSV Tech.
From Reactive to Predictive Care
Teton.ai is redefining healthcare delivery by shifting care from reactive to predictive. Its advanced AI and computer vision
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Pathwork Raises $3.5M to Modernize Insurance with AI-Powered Distribution Platform
What You Should Know:
- Pathwork, an autonomous distribution platform modernizing the $160 billion life and health insurance market, has raised a $3.5 million seed round led by Costanoa, with participation from Logos Fund, American Family Ventures, Meridian Ventures, and prominent industry angels.
- The funding will help accelerate adoption among brokers and carriers nationwide.
Transforming Manual Processes into Intelligent Systems
Pathwork is an AI-native platform designed to
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M&A: Remedy Meds Acquires Thirty Madison in All-Stock Deal Valued at over $500M
What You Should Know:
- Remedy Meds, LLC, a consumer virtual-care and pharmacy platform, today announced it has entered into a definitive agreement to acquire Thirty Madison, Inc. ("Thirty Madison").
- The transaction creates a larger, multi-brand platform across women's, men's, and metabolic health. The transaction, which is valued just north of $500M, will be funded through an all-stock deal.
Expanding Access Through a Unified Multi-Brand Ecosystem
Thirty Madison, a leading
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TigerConnect Launches Transfer Solution to Modernize Patient Transfers and Discharge
What You Should Know:
- TigerConnect, the leading unified healthcare communications platform, today announced the general availability of TigerConnect Transfer, a purpose-built solution that modernizes how hospitals manage outbound interfacility patient transfers and discharge transport.
- By combining bed sourcing, transport scheduling and communication in a single application, Transfer bridges the gap between hospitals and external agencies to accelerate safe patient movement.
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Ketryx Raises $39M to Accelerate AI-Powered Compliance in Life Sciences
What You Should Know:
- Ketryx, the AI-powered compliance platform helping life sciences companies ship safer products faster, today announced a $39 million Series B led by Transformation Capital, with participation from existing investors including Lightspeed Venture Partners, MIT’s E14 Fund, Ubiquity Ventures, and 53 Stations.
- This latest round brings the company’s total funding to over $55 million, and Vinay Shah, Partner and Founding Team Member at Transformation
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