Element5, a San Jose, CA-based provider of an Automation-as-a-Service solution purpose-built for post-acute care, raised $30M in Series B funding.
The round was led by Insight Partners.
The company, which has raised $48.5 million in total capital to date, intends to use the funds to accelerate the adoption and deployment of its solutions across various service lines within the $400 billion post-acute care market.
Led by CEO Joe Randesi, Element5 uses artificial intelligence (AI)-powered robotic process automation (RPA) to deliver pre-built workflow automation solutions for post-acute care organizations to improve operational efficiency, recognize revenue and help their resources focus on better patient outcomes.
Home-health, hospice, SNF and senior living facilities use it to automate everyday processes across intake and admissions, revenue cycle management, clinical records, notifications and authorizations among a broad range of other operational tasks.
The company also has APAC headquarters in Chennai, India.
FinSMEs
06/05/2022