KAID Health, a Boston, MA-based maker of an artificial intelligence-enabled clinical analysis and provider engagement platform, announced that it raised $4.25 million in Series A funding, bringing KAID Health’s total capital raised to $6.45 million.
The financing was led by prominent healthcare IT investors, including Activate Venture Partners and Martinson Ventures. Boston Millenia Partners, Brandon Hull, Howard Landis, and KAID Health’s Board of Directors also participated.
With the funding, KAID Health will bolster its market footprint among providers, while furthering collaboration between providers and health plans, payers, and Accountable Care Organization partners.
The company will also expand its Boston, MA office and will hire new team members across a variety of job roles.
Company: KAID Health, Inc.
Raised: $4.25
Round: Series A
Funding Month: May 2022
Lead Investors: Activate Venture Partners and Martinson Ventures
Additional Investors: Boston Millenia Partners, Brandon Hull, Howard Landis, and KAID Health’s Board of Directors
Company Website: https://www.kaidhealth.com/
Software Category: AI-Enabled Empathetic Patient Engagement Technology
About the Company: KAID Health makes care delivery more efficient, effective, and profitable for providers and their payers and Accountable Care Organization partners. Its Whole Chart Analysis platform extracts all relevant data from electronic medical records, including structured data and text, using artificial intelligence and natural language processing. The solution identifies the patient care interventions needed for providers to achieve their clinical, financial, or operational objectives. In parallel, KAID Health extends to payers a comprehensive view of members’ health by combining claims and EMR data. Today, KAID Health’s technology is used by leading providers, health systems, academic medical centers, and payers to automate a variety of workflows, including coding accuracy, quality measurement, prior authorization support, and pre-operative assessment. The company was founded by a veteran team of healthcare information technology and population health innovators. It is based in Boston, MA.
Source: https://www.kaidhealth.com/post/kaid-health-announces-series-a-to-fuel-growth-of-its-ai-powered-provider-payer-whole-chart-analysis