Healthcare expertise firm Confirm introduced it secured $10 million in Collection A funding.
The spherical was led by Deerfield Administration with participation from Northwell Well being.
WHAT IT DOES
Confirm is an AI-enabled case administration assistant that automates administrative duties. It helps well being programs, payers and unbiased supplier teams simplify operations and decrease their administrative workload.
The corporate assists with care transitions by offering case managers with entry to data and automating coverage evaluation, report summarization, payer communication, post-acute referrals documentation and repetitive duties related to incapacity claims processing.
Confirm will use the funds to develop the corporate and improve entry to its AI-powered platform.
Northwell Well being’s transitions-of-care administration group has been piloting Confirm’s platform to course of authorizations with the purpose of permitting case managers, nurses and social employees to spend extra time on affected person care versus administrative work.
“This collaboration has demonstrated that Confirm’s expertise successfully addresses the distinctive challenges of advanced healthcare organizations. Constructing on the expertise with Northwell, Confirm is effectively positioned to associate with fellow well being programs to drive larger effectivity and enhance affected person care,” Mark Solazzo, president of strategic initiatives and COO at Northwell Well being, mentioned in an announcement.
Dr. Mark Michalski, CEO of Confirm, identified that there’s a must develop and implement AI options to boost operational efficiencies, decrease the executive burden on payers and suppliers, and expedite data sharing.
“Collaborating with Deerfield, Northwell and Aegis gives Confirm entry to a spread of distribution channels, workflows and information, which we imagine will unlock new ranges of effectivity for healthcare employees,” Michalski mentioned in an announcement.
Along with his position at Confirm, Michalski will turn into the chief data officer at Deerfield Administration.
MARKET SNAPSHOT
In 2023, Aegis Ventures and Northwell Holdings launched Optain, which makes use of AI-backed retinal imaging to catch early indicators of illness. The companions supplied an preliminary seed funding of $12 million.
Optain affords screening for diabetic retinopathy, age-related macular degeneration and glaucoma.
Optain was the primary firm Aegis and Northwell launched via Confirm.
In 2022, Northwell Holdings and Aegis Ventures launched Upliv, a digital menopause care firm. Upliv was the primary firm shaped via Northwell and Aegis’ partnership to concentrate on fairness in ladies’s healthcare.
Different corporations within the AI-driven documentation area embody Suki, a maker of an AI-backed healthcare voice device.
In March, Rush College System for Well being expanded its partnership with Suki to deploy its AI scientific documentation assistant system-wide after a profitable trial.
The rollout provides clinicians throughout 28 specialties entry to Suki’s AI Assistant, which goals to scale back administrative duties and enhance workflow effectivity by producing affected person summaries, answering questions and simplifying coding.
The 2 organizations additionally collaborated to develop an AI-driven dictation characteristic inside Epic, Rush’s digital well being report system, to combine ambient and dictation applied sciences right into a single platform.
