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Recently Funded|Amount: USD 25.0M|Industry: Software Development

Revolutionizing Healthcare: Humata Health Secures $25 Million in Funding to Transform Prior Authorization and Utilization Management

Humata Health

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51-200 employees employees (Est.)
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Humata Health, a pioneering force in the realm of healthcare automation, is thrilled to announce that it has successfully raised $25 million in funding to further enhance its groundbreaking solutions in Prior Authorization (PA) and Utilization Management. With its innovative blend of cutting-edge artificial intelligence and automation, Humata is poised to transform how healthcare providers and payers collaborate, effectively bridging the notorious gap often seen in traditional fax-based processes. This funding round will amplify Humata's efforts to deliver a seamless, efficient, and automated workflow that reduces the administrative burden on healthcare systems and fosters quicker patient access to necessary care. The investment will be pivotal in advancing Humata's ambitious mission: making 90% of prior authorization requests touchless, with the aim to complete processing in under two minutes when human intervention is needed. Additionally, Humata is focused on ensuring that patients benefit from complete transparency throughout the PA journey, demystifying the often convoluted process that many face today. With this new capital, Humata is poised to accelerate its product development and expand its payer connectivity infrastructure, ultimately setting a new standard for prior authorization and utilization management across the healthcare landscape. As we embark on this next chapter, Humata remains committed to driving meaningful improvements that benefit providers, payers, and, most importantly, the patients who rely on timely and accessible healthcare services.
October 25, 2024

Buying Signals & Intent

Our AI suggests Humata Health may be interested in solutions related to:

  • AI Solutions
  • Healthcare IT Services
  • Billing Automation
  • Patient Care Improvement
  • Efficiency Solutions

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