Atlas Health, a Seattle, WA-based philanthropic medical financial aid company, raised $40M in Series A financing.
The round, which brought total funding to $44.5M, was led by Felicis Ventures with participation from GreatPoint Ventures and Tribe Capital, as well as existing investors Global Founders Capital and MBX Capital.
The company intends to use the funds to meet growth demands and accelerate its go-to-market strategy.
Led by Ethan Davidoff, CEO and founder, Atlas Health provides Atlas Navigator, an AI-powered patient advocacy solution that is built on a continuously updated proprietary database of more than 20,000 medical financial aid programs. It integrates with health system clinical and financial systems to match every patient, visit, and prescription with every financial aid opportunity. Its workflow automation software speeds up enrollment and reimbursement while demonstrating higher levels of compliance. Atlas Health’s expert, empathetic advocates work onsite and remotely on behalf of hospitals and health systems to manage the process end-to-end to maximize program awards.
In 2021, the company completed its System and Organization Controls (SOC) 2 examination and refined integrations with leading EHR providers, including Epic, Cerner, Meditech, and Allscripts. Atlas Health signed new multi-year contracts with numerous hospitals and health systems while empowering existing customers to secure up to 5x in program reimbursements year-over-year.
FinSMEs
26/01/2022