A $65 million fundraising round was secured by Reveleer, an AI-powered healthcare technology data and analytics firm situated in Glendale, CA.
Hercules Capital lead the round.
Natural language processing (NLP) and artificial intelligence (AI) are used by Reveleer, a technology-driven workflow, data, and analytics company with a focus on healthcare, to give risk-bearing providers and health plans more control over their member management, risk adjustment, and quality improvement initiatives.
Plans are able to autonomously carry out and oversee all facets of enrollment, provider outreach, data retrieval, coding, abstraction, reporting, and submissions thanks to its platform.
Reveleer offers comprehensive record retrieval and review services, utilizing proprietary technology, data sets, and subject matter expertise to enable health plans to develop and implement programs that yield greater value and better results.
“This funding will have a tremendous impact as it positions us to strategically pursue inorganic growth opportunities in value-based-care technology, accelerating innovation and enhancing patient care through healthcare AI technology.”
Jay Ackerman, CEO
Reveleer’s integrated workflow platform was expanded in 2022 with the acquisition of Dynamic Healthcare Systems, adding member management, revenue optimization, and HCC Analytics.
The business purchased MDPortals in 2023, a potential risk platform that helps clinicians and payers bridge gaps in care at the point of care and enhance patient outcomes.
