Fierce Health Technology December 7, 2021
Reveleer, a cloud-based platform helping payers analyze member and provider data, has landed $65 million in fresh capital.
The company allows government-sponsored payers to manage risk adjustment and quality improvement in-house, using machine learning to simplify the process of collecting member data and improving outcomes.
Oak HC/FT led the round, joined by previous investors Upfront Ventures and Boston Millenia Partners.
The process of payers collecting clinical data from providers, which often involves multiple payers all asking a single provider for the same member information, is “inefficient, redundant, and creates a lot of friction for providers,” said Jay Ackerman, president and CEO of Reveleer, in an interview with Fierce Healthcare.
“The solution set today doesn’t solve that, and there’s no impetus...
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