
4 Notable Health Tech Funding Announcements in May
Health tech companies made several major funding announcements in May. Here is a list of some of the biggest funding rounds.
Health tech companies made several major funding announcements in May. Here is a list of some of the biggest funding rounds.
Cohere Health raked in $90 million in Series C capital, taking its total funding to date to $200 million. This round of funding cements Cohere as the emerging winner in the prior authorization tech category, according to Michael Greeley, general partner at Flare Capital Partners.
Several states and insurers have gold carding programs to streamline prior authorization. However, some say they're falling short.
During a panel at MedCity News’ INVEST Digital Health conference, three executives representing a provider, a payer and a technology vendor shared their thoughts on how to heal the rocky relationship between hospitals and health plans. For instance, one leader encouraged payers and providers not to be afraid to give up some control, and another urged them to build comprehensive risk models.
As part of the Heard at HLTH video series, MedCity News Editor in Chief Arundhati Parmar and Senior Reporter Katie Adams interviewed healthcare executives about innovations in health tech at HLTH 2023 in Las Vegas earlier this month.
Geisinger Health Plan is licensing Cohere Health's AI-driven utilization management technology and services platform, designed to support value-based care delivery and streamline the prior authorization process.
Cohere Health raised $36 million in a Series B funding round less than two years after its inception. It will use the new funds to expand its prior authorization platform and integrate health plan benefits to eliminate missed opportunities for care.