Athelas + Commure: Merging to Create a $6B Healthcare Infrastructure Company

Press release written by Tanay Tandon, CEO at Athelas We are beyond excited to share that Athelas and Commure – a leading provider of enterprise healthcare software – are merging, and I am taking over the combined entity as CEO, Deepika Bodapati as COO, and Dhruv Parthasarathy as CTO. We’re also raising fresh capital from General Catalyst, valuing the combined entity at $6B. In the past few years, Athelas RCM and RPM have grown rapidly to thousands of healthcare providers and hundreds of thousands of patients. We process hundreds of millions of dollars in healthcare claims and power critical workflows for small practices and hospitals alike. Commure has built a fast-growing enterprise software business, serving the likes of HCA Healthcare, Jefferson, Providence, and the VA – some of the largest health systems in the country. Their PatientKeeper EHR software saves clinicians hours of time every day, and Strongline protects nurses while delivering key analytics on the physical logistics of a hospital. Each company has independently grown more than 500% in the trailing 3 years and has more than 6 years of runway. Our combined teams believe that the advent of large language models has created a pivotal moment for healthcare, and more broadly in American labor. Healthcare providers spend countless hours a day on documentation, administrative work, faxing, and other forms of button-wrangling – valuable time lost that could be better spent improving outcomes for patients. ...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Athelas Commure CommureOS Deepika Bodapati Dhruv Parthasarathy General Catalyst HCA Healthcare Health IT Acquisitions Healthcare M&A Hemant Taneja Jefferson Providence Qasar Younis Quentin Clar Source Type: blogs