"Assort Health, a startup that uses AI to automate patient communication for specialty healthcare practices, has raised about $50 million in a Series B round at a valuation of $750 million, according to three sources familiar with the deal. The latest round, which comes just four months after the company raised its $22 million Series A, was led by Lightspeed Venture Partners, these people said."
"The company's AI voice agents are designed to take over high-volume, repetitive tasks like scheduling, cancellations, and frequently asked questions normally managed by front desk staff, allowing human staff to focus on more complex or sensitive patient interactions. Assort Health is one of several startups that recently raised new funding to use AI to alleviate patient phone call volume for medical offices."
"Since Assort Health serves small and medium specialty care offices that often have long wait times, fast responses by an AI agent may help these offices lose fewer patients to competing practices. While Assort Health's annual recurring revenue (ARR) is only a little more than $3 million, the company is growing quickly, according to two sources. The startup initially focused on orthopedic and physical care offices, but has recently expanded its offerings to other special"
Assort Health raised about $50 million in a Series B at a $750 million valuation, led by Lightspeed Venture Partners, four months after a $22 million Series A. The company uses AI voice agents to handle high-volume tasks like scheduling, cancellations, and FAQs, enabling staff to focus on complex patient interactions. The startup serves small and medium specialty care offices where faster responses can reduce patient loss. Annual recurring revenue is slightly above $3 million, and the company is growing quickly while expanding beyond orthopedic and physical care into other specialties amid rising investor interest.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]