Healthcare data and analytics company Reveleer announced it has secured more than $65 million in a funding round led by Hercules Capital, Inc.
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Aimed to advance value-based care, Reveleer provides a payer-focused, AI-enabled workflow, data, and analytics platform with services related to risk adjustment, quality improvement, and membership management. Masu. The company also offers medical record search and review services.
The Glendale-based company plans to use the funding to expand services for payers and providers.
“This funding will have a significant impact as we strategically pursue inorganic growth opportunities in value-based care technologies, positioning us to accelerate innovation and enhance patient care through healthcare AI technologies. ” said Jay Ackerman, CEO and President of Reveleer. statement.
“This capital injection will allow us to quickly seize market opportunities and further advance our mission. We are excited to welcome Hercules Capital, Inc. as our new financial partner. .”
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Last year, Reveleer, formerly Health Data Vision, acquired risk adjustment platform MDPortals. Reveleer combined their services with his MDPortals platform. The platform aggregates patient data from disparate sources across the continuum of care into one longitudinal health record.
A year ago, the company acquired Dynamic Healthcare Systems, which offered an integrated workflow platform for membership management, revenue optimization, and risk management. Dynamic worked with health plans participating in Medicare Standalone Plans, Medicare Advantage, Medicaid and exchange programs.
In 2021, Reveleer will Raised $65 million in a funding round led by Oak HC/FT with participation from previous investors including Upfront Ventures and Boston Millennia Partners.
