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Ascertain Secures $10 Million to Revolutionize Healthcare

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News Summary

Ascertain has successfully raised $10 million in a Series A funding round led by Deerfield Management, with support from Northwell Health. This funding will enable Ascertain to enhance its AI-powered case management assistant, automating administrative tasks within healthcare systems and improving care transitions. With a total of $21 million raised, Ascertain aims to address workforce challenges by streamlining operations for case managers, allowing them to devote more time to patient care.

Ascertain Secures $10 Million to Revolutionize Healthcare with AI!

Exciting news in the world of healthcare technology! Ascertain, a trailblazing company specializing in AI-powered solutions, has just announced that it has successfully secured a whopping $10 million in a Series A funding round. This funding party was headlined by none other than Deerfield Management, with a sprinkle of support from Northwell Health. This fresh infusion of cash will help Ascertain grow and make waves across the healthcare sector, particularly by enhancing its AI-enabled case management assistant.

What Does Ascertain Do?

You might be wondering, what exactly does Ascertain bring to the table? Well, let me break it down for you. The company is all about automating administrative tasks within health systems, payers, and even independent provider groups. By streamlining operations, Ascertain allows these healthcare facilities to knock down the heavy burdens of administrative workloads that can often bog everything down.

What’s more, Ascertain is here to simplify the process of care transitions. Their platform automates the nitty-gritty details that can otherwise absorb countless hours of case managers’ time—think policy reviews, record summarization, payer communication, documentation related to post-acute referrals, and even disability claims processing. Sounds like a game-changer, right?

How Will the Funding Make a Difference?

The newly raised funds aren’t just sitting in the bank—they’re earmarked for growth and improving access to Ascertain’s powerful platform. Northwell Health has taken a proactive approach by piloting Ascertain’s technology within their transitions-of-care administration team. The goal? To make authorization processes more seamless so that everyone in the medical field, from case managers to nurses and social workers, can devote more time to what they do best: taking care of patients.

A Tech Answer to Workforce Challenges

In today’s healthcare climate, where a staggering 100,000 positions are currently open for case managers and administrative roles, Ascertain’s offerings couldn’t come at a more critical moment. With case managers expending up to 60% of their time on tedious manual administrative tasks, the need for an efficient, automated solution is clearer than ever. Ascertain aims to ease those burdens, making the jobs of healthcare workers not only easier but also more fulfilling.

The Road Ahead for Ascertain

Ascertain has raised a total of $21 million to date, including an initial seed round of $11 million in 2022, all led by Aegis Ventures. By also leveraging partnerships with Deerfield, Northwell, and Aegis, the company aims to tap into new distribution channels, workflows, and data. Ascertain isn’t just a standalone effort; it’s part of the Aegis Digital Consortium, a collective working to tackle pressing challenges in the healthcare sector through innovative AI solutions.

Finding New Grounds

As Ascertain gears up to make even bigger strides, the company is relocating to Cure, Deerfield’s headquarters. There’s a buzz in the industry about the rising interest in AI-driven solutions for documentation and compliance workflows, and it’s clear that Ascertain is right in the thick of it.

In the ever-evolving landscape of healthcare technology, Ascertain is setting a shining example of how AI can be harnessed to not only improve operational efficiencies but also enhance patient care. Stay tuned as this powerhouse continues to grow and transforms healthcare for the better!

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