Thursday, April 18, 2024
HomeFunding CA-based Reveleer Secures $65Million in Funding

[Funding lert] CA-based Reveleer Secures $65Million in Funding

CA-based Reveleer secures $65million in funding led by Hercules Capital, Inc.

CA-based Reveleer secures $65million in funding led by Hercules Capital, Inc.

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Jay Ackerman, CEO and President at Reveleer said, “This funding will have a tremendous impact as it positions us to strategically pursue inorganic growth opportunities in value-based-care technology, accelerating innovation and enhancing patient care through healthcare AI technology, With this infusion of capital, we can swiftly seize market opportunities and further our mission. We are excited to have Hercules Capital, Inc. as a new financial partner.”

Andrew Adams, Co-Founder and Managing Partner at Oak HC/FT said, “We are enthusiastic about the opportunities automation has unlocked for value-based care models nationwide, Reveleer has a demonstrated track record of growth across its operations, consistently delivering improved clinical outcomes for its growing roster of payer and provider clients, and we look forward to our continued partnership.”

Tom Hertzberg, Managing Director at Hercules Capital, Inc. said, “Backing Reveleer’s growth trajectory is crucial as the company tackles significant challenges for payers and providers, including handling the influx of clinical data, optimizing workflow efficiency, and bridging care gaps,”.

The acquisition of Dynamic Healthcare Systems in 2022 expanded Reveleer’s integrated workflow platform, now incorporating member management, revenue optimization, and HCC Analytics.

In 2023, Reveleer acquired MDPortals, a leading prospective risk platform enabling payers and providers to close care gaps at the point of care, improving health outcomes.

Read also – CA-based Trianz Secures a Major Growth Equity Investment

These strategic acquisitions underscore Reveleer’s commitment to advancing value-based care objectives by proactively addressing care gaps, enhancing patient outcomes, and optimizing financial performance.

Backed by recent capital investments, Reveleer continues its momentum to expand its offerings for payers and providers, delivering the market’s most comprehensive workflow, data, and analytics solutions.

About Reveleer

Natural language processing (NLP) and artificial intelligence (AI) are used by Reveleer, a technology-driven workflow, data, and analytics company with a focus on healthcare, to give risk-bearing providers and health plans more control over their Quality Improvement, Risk Adjustment, and Member Management programmes.

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