Assort Well being, a startup that makes use of AI to automate affected person communication for specialty healthcare practices, has raised about $50 million in a Sequence B spherical at a valuation of $750 million, in line with three sources conversant in the deal. The newest spherical, which comes simply 4 months after the corporate raised its $22 million Sequence A, was led by Lightspeed Enterprise Companions, these sources mentioned.
The corporate’s AI voice brokers are designed to take over high-volume, repetitive duties like scheduling, cancellations, and incessantly requested questions usually managed by entrance desk workers, permitting human workers to deal with extra advanced or delicate affected person interactions.
Assort Well being is considered one of a number of startups that not too long ago raised new funding to make use of AI to alleviate affected person telephone name quantity for medical places of work.
Simply final week, EliseAI, which automates buyer companies for actual property and healthcare workplace entrance desks, introduced that it secured a $250 million Sequence E led by Andreessen Horowitz, valuing the corporate at $2.2 billion. Hi there Affected person, one other AI-powered assistant for medical places of work, raised a $20 million Sequence A earlier this month at a $100 million valuation led by Scale Enterprise Companions, in line with an individual conversant in the deal.
The healthcare business is more and more embracing AI options, as seen within the rising adoption of medical scribes from corporations like Abridge and Atmosphere Healthcare. Traders are actually betting that affected person communication would be the subsequent main space for AI implementation.
Since Assort Well being serves small and medium specialty care places of work that always have lengthy wait occasions, quick responses by an AI agent could assist these places of work lose fewer sufferers to competing practices.
Whereas Assort Well being’s annual recurring income (ARR) is barely a bit greater than $3 million, the corporate is rising shortly, in line with two sources. The startup initially centered on orthopedic and bodily care places of work however has not too long ago expanded its choices to different specialties, together with OB-GYN, dermatology, and dentistry.
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Assort Well being was based two years in the past by Jon Wang, a former medical scholar who traded his path in medication for the world of startups, and Jeff Liu, a former Fb engineer.
Lightspeed Enterprise Companions and Assort Well being didn’t reply to a request for remark.
