Ascertain Secures $10 Million to Revolutionize Healthcare

News Summary

Ascertain, a technology company, has raised $10 million in Series A funding led by Deerfield Management, with contributions from Northwell Health. This funding will enhance its AI-powered case management solutions aimed at reducing administrative burdens for healthcare professionals. The platform automates tasks such as care transitions and disability claims processing, allowing staff to focus on patient care. With over 100,000 open positions in the healthcare sector, Ascertain’s innovations come at a crucial time as they continue to develop partnerships to improve healthcare delivery.

Ascertain Secures $10 Million to Revolutionize Healthcare with AI

In an exciting development for the healthcare industry, technology company Ascertain has announced that it has successfully secured $10 million in Series A funding. This impressive round of financing was led by Deerfield Management, with additional contributions from Northwell Health. The funds are set to propel Ascertain’s efforts to enhance its AI-powered case management solutions.

Transforming Healthcare Admin Tasks

Ascertain is all about making life easier for healthcare professionals. Its innovative platform acts as a case management assistant powered by artificial intelligence, stepping in to handle a range of administrative tasks that often bog down health systems, payers, and independent provider groups. By automating these tasks, Ascertain is on a mission to simplify operations and significantly cut down on the administrative workload faced by healthcare workers.

So, what exactly does Ascertain do? The platform is designed to assist in crucial areas such as care transitions. This means automating policy reviews, record summarization, payer communication, post-acute referral documentation, and even tasks relating to disability claims processing. By relieving case managers, nurses, and social workers of these burdens, the focus can shift back to what really matters—patient care.

A Testing Ground for Better Care

The pilot program with Northwell Health’s transitions-of-care administration team is already showing promise. The aim here? To improve authorization processes that can slow things down. By using Ascertain’s platform, healthcare professionals can devote more time to their patients and less to administrative hassles. Imagine a world where care teams aren’t drowning in paperwork—it’s becoming a reality.

Addressing Workforce Challenges

The need for Ascertain’s services is especially pressing given the current labor shortages within the healthcare sector. Reports indicate there are over 100,000 open positions for case managers and administrative roles across the country. With Ascertain’s AI solutions, there’s hope that existing staff can work more efficiently, alleviating some of the strain that comes with these vacancies.

Strategic Partnerships for Growth

With this new funding, Ascertain looks poised to expand its reach and enhance its platform’s capabilities. The partnership with Deerfield, Northwell, and Aegis is not just for show—these collaborations are expected to open up new distribution channels, workflows, and data access. Ascertain is determined to further address the challenges faced by healthcare organizations today while also forming additional partnerships to assist in driving efficiency and enhancing overall patient care.

A Bright Future Ahead

Having raised a total of $21 million so far, including an initial seed funding round of $11 million in 2022, Ascertain is making significant strides in the healthcare technology sector. The company is also part of the Aegis Digital Consortium, which aims to build cutting-edge AI solutions to tackle various pressing healthcare challenges.

As part of its growth strategy, Ascertain is also relocating to Cure, Deerfield’s New York City headquarters. Embracing the bustling tech environment, Ascertain is ready to ramp up its mission to harness AI to create smoother documentation and compliance workflows within healthcare organizations.

The AI Healthcare Revolution

The overall landscape in healthcare is witnessing a surge of interest in AI-driven solutions. Other companies in the healthcare tech space, like Suki, are also making waves by implementing clinical documentation solutions with AI. With Ascertain leading the charge, it’s an exciting time as we watch how technological advancements transform the way healthcare is delivered and managed. Here’s to a future where healthcare professionals can focus on what they do best—caring for patients!

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Additional Resources

• MobiHealthNews: Ascertain Scores $10M for Case Management Assistant Platform
• HC Innovation Group: Northwell Health Pilots AI-Based Case Management Solution
• Axios: Ascertain Raises $10M for Care Management Agents with AI
• Business Wire: Northwell Health and Aegis Ventures Launch Ascertain
• Fierce Healthcare: Northwell Health-Backed JV to Invest $100M in AI Companies
• Wikipedia: Machine Learning
• Google Search: AI in Healthcare
• Google Scholar: Healthcare Technology
• Encyclopedia Britannica: Health Technology
• Google News: Ascertain Healthcare