Covera Health Announces Up to $50M in Additional Series C Funding to Redefine the Role of Radiology Nationwide

Company Expands Industry’s Most Sophisticated AI-Enabled Radiology Performance Platform with Acquisition of CoRead Covera Health, the leading AI-enabled diagnostic technology company focused on radiology performance measurement and impact, today announced up to $50 million in additional Series C funding led by Insight Partners, of which $25 million is committed today. The company also finalized the acquisition of CoRead, a leading AI quality assurance company currently being used by more than 2,000 hospital sites nationwide. CoRead stands at the forefront of generative AI focused on performance improvement in radiology, and its capabilities will be integrated into Covera Health’s existing best-in-class quality platform. For more than 10 years, Covera Health has been advancing excellence in radiology, elevating the critical role it plays in healthcare. This additional funding, combined with the acquisition, will empower Covera Health to rapidly augment and scale its two-sided marketplace between payers and providers. Providers will gain access to comprehensive quality insights across a broader range of radiological studies and pathologies, enhancing their quality improvement and peer learning activities. Simultaneously, employers and their health plans will leverage these insights to enhance their network and care management programs, ensuring improved patient care and outcomes while mitigating the costs and harms associated with misdiagnosis. “There a...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Aaron Friedkin CoRead Covera Health Health IT Funding Health IT Fundings Health IT Investment Insight Partners Jeff Horing Lawrence Ngo Ron Vianu Source Type: blogs