Cohere Health Stock

www.coherehealth.comHealthcare / Healthcare softwareFounded: 2019

Cohere Health is a healthcare company that develops technology designed to automate the preauthorization process. Health insurers use preauthorization or precertification with the goal of reducing healthcare costs by asking clinicians to gain approval in advance before delivering services to qualify for payment coverage. Cohere Health seeks to reduce friction in the preauthorization process through its clinical intelligence platform that uses AI aiming to cut down on administrative expenses while also improving patient outcomes. Cohere Health was founded in 2019 and is headquartered in Boston, MA.

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Team

Management Team

Siva Namasivayam
Co-Founder & Chief Executive Officer
Brian Covino MD, FAAOS
Chief Medical Officer
Niall O'Connor
Chief Technology Officer
Krishna Kottapalli
Chief Growth Officer
Malissa Binkley
Chief Operating Officer
Melinda Brown JD
General Counsel

Board Members

Michael Greeley
Flare Capital Partners
David Barrett
Polaris Partners

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News Highlights

Cohere Health Raises $50 Million in Equity to Meet Increased Demand for AI-Driven Transformation of Prior Authorization Process
Cohere Health, a recognized leader in clinical intelligence and prior authorization automation, announced it has closed $50 million in additional equity funding. The funding was led by Deerfield Management, with participation from Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners, and brings the total raised by Cohere to $106 million. The latest round of funding will fuel the company's expansion to meet the increasing demand for Cohere's intelligent prior authorization platform.
Updated on: Feb 21, 2024

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