Adonis, a revenue cycle intelligence and automation platform for healthcare, has raised $17.3 million in Series A funding led by General Catalyst, with participation from existing investors Bling Capital, Max Ventures, and Homebrew. The platform addresses operational fragmentation in healthcare organizations, helping them improve revenue outcomes through automation and data science. The funding will be used to drive product innovation, strengthen partnerships with major EHR and PMS systems, expand collaborations with large providers, and enhance Adonis’s healthcare data processing capabilities. Holly Maloney from General Catalyst will join Adonis’s board of directors.
What You Should Know:
- Adonis, an NYC-based revenue cycle intelligence and automation platform built for healthcare, today announced that it has raised $17.3M in Series A financing led by General Catalyst and existing investors Bling Capital, Max Ventures, and Homebrew. As part of the financing, Holly Maloney from General Catalyst will join the board of directors.
- Healthcare organizations on average are missing 10-15% of the revenue they expect to collect each year due to the operational fragmentation that exists between patients, payers, + providers. This is already a cause for change, but the demand is even higher now amidst the current economic turbulence + financial challenges that healthcare systems are facing. Powered by automation + data science, Adonis is helping providers address the common issues and areas of susceptibility within the process to create better, more reliable revenue outcomes.
- The latest funding will be used to accelerate product innovation, expand partnerships with major EHR and PMS systems, bolster collaboration with some of the country’s largest providers, and continue investment in expanding Adonis’s healthcare data processing and linking capabilities.
Source: HitConsultant
