Health data and analytics company Reveleer announced that it has secured more than $65 million in a funding round led by Hercules Capital.
WHAT HE DOES
Reveleer provides a payer-centric, AI-driven workflow, data and analytics platform with offerings in risk adjustment, quality improvement and management members with the goal of advancing value-based care. The company also offers medical records retrieval and review services.
The Glendale-based company will use the funds to expand its offerings to payers and providers.
“This funding will have a significant impact as it will enable us to strategically pursue inorganic growth opportunities in value-based care technologies, accelerating innovation and improving patient care through AI technology in healthcare industry,” Jay Ackerman, CEO and president of Reveleer, said in a statement. statement.
“With this capital injection, we can quickly seize market opportunities and continue our mission. We are delighted to have Hercules Capital, Inc. as our new financial partner.
THE BIGGEST TREND
Last year, Reveleer, formerly Health Data Vision, acquired risk adjustment platform MDPortals. Reveleer has combined its offerings with the MDPortals platform, which consolidates patient data from various sources across the care continuum into a single longitudinal health record.
The company purchased Dynamic Healthcare Systems a year prior, offering an integrated workflow platform for member management, revenue optimization and risk management. Dynamic has worked with health plans participating in the Medicare Standalone Plans, Medicare Advantage, and Medicaid and Exchange programs.
In 2021, Reveleer obtained $65 million in funding round led by Oak HC/FT with participation from previous investors including Upfront Ventures and Boston Millennia Partners.
