Atlas Well being, a software program startup that works with suppliers, has introduced a $40 million collection A funding spherical.
The spherical was led by Felicis Ventures with participation from GreatPoint Ventures, Tribe Capital, World Founders Capital and MBX Capital.
The corporate reportedly plans to make use of the newest capital to broaden its software program and gross sales group. Atlas’ whole funding up to now is now $44.5 million.
“Many organizations present monetary support to sufferers, however hospitals and well being programs usually are not geared up to navigate the packages’ complexities at scale,” mentioned Ethan Davidoff, CEO and founding father of Atlas Well being, within the announcement. “Atlas Well being expands healthcare entry and affordability by fixing this problem.”
The corporate gives a software program resolution that depends on an AI-powered database of greater than 20,000 medical monetary support packages that’s used to match sufferers with monetary support alternatives earlier than receiving a service. The database is constantly up to date, in line with the corporate.
The software program, which integrates with EHR information, routinely matches affected person accounts with program alternatives; enrollment and reimbursement are each additionally automated. The answer is provided with advocates who assist navigate the method. Final yr, the corporate refined integrations with EHRs like Epic, Cerner and Allscripts.
“Atlas offers an environment friendly approach to faucet into the non-public philanthropic market to resolve a crucial want for each sufferers and suppliers,” mentioned Sundeep Peechu, basic associate at Felicis Ventures, within the announcement.
“By way of automation, Atlas enabled us to make a bigger influence by additional reaching the susceptible populations in our group,” added John Jurczyk, president of St. Joseph Hospital and senior vice chairman of Covenant Well being, within the press launch.