Medorion, a Tel Aviv, Israel-based developer of behavioral intelligence SaaS solutions for health insurers, completed a $6m funding round.
The round, which brought total funding to $9m, was led by 10D with participation from existing investors iAngels and TAU Ventures.
The company intends to use the funds to hire new people, boost the adoption of its behavioral intelligence SaaS platform among additional U.S. insurers, accelerate the development of new risk adjustment and member experience solutions, as well as expand its platform’s utilization beyond Medicare Advantage plans into other government markets.
Led by Asaf Kleinbort, co-founder and CEO, Medorion provides an AI-powered SaaS platform that analyzes claims and social determinants of health (SDOH) data to accurately pinpoint the underlying psychological, environmental, and economic drivers and barriers behind people’s health decisions. With Medorion, insurers can understand members’ needs and personalize and automate one-on-one member conversations at scale, facilitating proactive interactions that improve health delivery and financial outcomes.
The technology combines behavioral science and AI to create a unique Electronic Behavioral Record (EBR™), the behavioral equivalent to electronic health records (EHR), for each health plan member. The platform includes a variety of clinical, risk adjustment, operational cost, and marketing applications to facilitate effective individualized communication.
FinSMEs
07/07/2021