Qventus, a NYC-based provider of AI-based care automation software for health systems, raised $105M in Series D funding.
The round was led by KKR, with additional participation from Bessemer Venture Partners, and new strategic investors, including health systems Northwestern Medicine, HonorHealth, and Allina Health.
The company intends to use the funds to accelerate the development and commercialization of solutions powered by its AI Operational Assistants into new care settings beyond its Surgical Growth and Inpatient Capacity solutions.
Led by CEO Mudit Garg, Qventus is a provider of AI-based software automating care operations in both OR and inpatient settings. It empowers care teams to make smarter decisions and optimize patient flow, while reducing the cognitive load on team members and improving the patient experience.
By integrating with EHRs, the Qventus platform leverages GenerativeAI, machine learning, and behavioral science to predict operational bottlenecks, recommend remedies, and automate processes.
Since its inception in 2012, Qventus has built a suite of AI solutions to address health system pain points across care settings. In the last year alone, its Inpatient Solution, which reduces the length of stay and creates capacity, eliminated over 36,000 excess days for its health system partners, saving them millions of dollars and helping them create the capacity to serve more patients in their communities. The Perioperative Solution drives strategic surgical volume for hospitals, generating $95M in annualized contribution margin in 2024 through Qventus enabled cases.
FinSMEs
13/01/2025