A leading USA-based AI-powered healthcare technology data and analytics company committed to advancing sustainable value-based care for health plans and risk-bearing providers, Reveleer raised USD 65 million in a new financing round. The round took place on February 26, 2024. Hercules Capital, Inc. led the financing for the company.
Purpose of financing for Reveleer
With the latest funding, Reveleer continues its momentum to expand its offerings for payers and providers, delivering the market’s most comprehensive workflow, data, and analytics solutions.
What the company’s official has to add
Jay Ackerman, CEO and President at Reveleer, said, “This funding will have a tremendous impact as it positions us to strategically pursue inorganic growth opportunities in value-based-care technology, accelerating innovation and enhancing patient care through healthcare AI technology. With this infusion of capital, we can swiftly seize market opportunities and further our mission. We are excited to have Hercules Capital, Inc. as a new financial partner.”
What the investors and other experts have to comment
Andrew Adams, Co-Founder and Managing Partner at Oak HC/FT, said, “We are enthusiastic about the opportunities automation has unlocked for value-based care models nationwide. Reveleer has a demonstrated track record of growth across its operations, consistently delivering improved clinical outcomes for its growing roster of payer and provider clients, and we look forward to our continued partnership.”
Tom Hertzberg, Managing Director at Hercules Capital, Inc., further added, “Backing Reveleer’s growth trajectory is crucial as the company tackles significant challenges for payers and providers, including handling the influx of clinical data, optimizing workflow efficiency, and bridging care gaps.”
About the company
Natural language processing (NLP) and artificial intelligence (AI) are used by Reveleer, a technology-driven workflow, data, and analytics company with a focus on healthcare, to give risk-bearing providers and health plans more control over their Quality Improvement, Risk Adjustment, and Member Management programmes. The Reveleer platform enables plans to autonomously execute and manage every part of enrollment, provider outreach, data retrieval, coding, abstraction, reporting, and submissions with a single disruptive solution. Reveleer’s integrated workflow platform was expanded in 2022 with the acquisition of Dynamic Healthcare Systems, adding member management, revenue optimisation, and HCC Analytics. Reveleer purchased MDPortals in 2023; MDPortals is a top prospective risk platform that helps physicians and payers bridge gaps in care at the point of care, leading to better health outcomes. Reveleer’s dedication to promoting value-based care goals through proactive care gap management, improved patient outcomes, and optimised financial performance is demonstrated by these well-timed acquisitions.
To explore more such startups, visit Zefyron Startup Database
For more extensive analysis and Market Intelligence reports, feel free to approach us.
We try our best to fact-check and bring well-researched as well as non-plagiarized content to you. Please let us know
if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover
–what information you are looking for in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!
Next Article
