PriorAuthNow, a Columbus, OH-based real-time prior authorization network provider, raised $25M in funding.
The round, which brings PriorAuthNow’s total funding to more than $57m, was led by Insight Partners with participation from Panoramic Ventures and Health 2047. As part of the deal, Jon Rosenbaum, Managing Director at Insight Partners, will join the PriorAuthNow board of directors, and, Scott Barclay, an Insight Managing Director focused on Healthcare, will join as a board observer.
The company intends to use the funds to expand its network to reach both providers and payors looking to streamline the prior authorization process, and the team.
Led by CEO Joe Anstine, PriorAuthNow is an authorization network that delivers coordinated payor connectivity and directly integrates with providers’ existing workflows to allow real-time collaboration on care decisions. With PriorAuthNow, providers and payors are relieved of administrative burdens and empowered to take meaningful action.
In what they call “intelligent collaboration,” information can flow as the platform integrates with Provider Electronic Health Records (EHR) systems and Payor Case Management systems enabling real-time collaboration and accelerating the time to decision and care for patients.
FinSMEs
14/02/2022