Cohere Health Raises $50 Million To Meet Increased Demand For Its AI-Driven Prior Authorization Platform

Cohere Health which provides clinical intelligence software to automate prior authorization raised $50 million in additional equity funding. It intends to use the funding to expand to meet increasing demand for its artificial-intelligence (AI)-driven prior authorization software, which is currently used by five health plans. The funding round was led by Deerfield Management, with participation from Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners.

The AI prior authorization platform blends AI with real-time analytics and evidence-based clinical intelligence to reduce prior authorization denial rates and decrease processing time by five days. The platform is . . .