Reveleer, a Glendale, CA-based cloud-based platform empowering data-driven healthcare, secured $65m in funding.
The round was led by Oak HC/FT with participation from previous investors Upfront Ventures and Boston Millennia Partners.
The company intends to use the funds to expand its platform capabilities, sign strategic partnerships and make acquisitions,
Led by Jay Ackerman, CEO, Reveleer is a healthcare software and services company that uses Machine Learning and Intelligent Automation technology to empower payers in all lines of business to take control over their Quality Improvement and Risk Adjustment programs. The platform enables payers to independently execute and manage every aspect of provider outreach, retrieval, coding, abstraction, and reporting – all under one platform. Leveraging proprietary technology, data sets, and subject matter expertise, Reveleer also assists payers with full record retrieval and review services to support financial performance and improved member outcomes.
To date, the platform has supported some of the nation’s largest health plans in their efforts to automate complex processes related to Risk Adjustment and Quality Improvement programs, and to bring the management of those programs in-house.