Coral raises $12.5M to automate healthcare's administrative back office
Briefly

Coral raises $12.5M to automate healthcare's administrative back office
"Coral has built AI that reads handwritten fax forms, processes prior authorizations, and completes patient intakes in under five minutes, all without asking providers to change how they work."
"The problem Coral is solving is not technological complexity, it is administrative volume. In American healthcare, every appointment generates a trail of prior authorization requests, referral packets, insurance eligibility checks, and discharge paperwork."
"Rather than attempting to replace fax infrastructure, Coral connects to existing EHR systems, fax lines, and payer portals and automates around them, changing what happens inside that workflow."
"DASCO, a home medical equipment provider, has been an early customer, describing turnaround times dropping from hours or days to minutes."
Coral, a New York startup, automates administrative workflows for specialty healthcare providers using AI to read handwritten fax forms and process prior authorizations. Founded in 2024, it has achieved millions in revenue within a year and aims for 4x growth by 2026. The company addresses the high volume of administrative tasks in American healthcare, particularly in fax-heavy environments. By integrating with existing systems, Coral enhances workflows without requiring providers to change their operations, significantly reducing turnaround times for tasks like documentation and authorizations.
Read at TNW | Startups-Technology
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