Cofactor AI, a Chicago, IL-based AI-powered platform for hospitals, raised $4M in Seed funding.
The round was led by Drive Capital.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Adi Tantravahi, and CTO Juan Sebastian Lozano, Cofactor AI provides a platform, Cofactor Denial Suite, that integrates with EHR systems and clearinghouses and instantly finds the exact contextual information required to generate winning appeals. Using its proprietary medical-native foundation model, it reviews clinical evidence, coding guidelines, standard of care guidelines, and peer-reviewed studies, and identifies discrepancies between claims, medical documentation, payer policies, and facility contracts.
Cofactor AI’s benefits are:
- Reduced administrative load
- Protect patients from financial surprises
- Increased access to care
FinSMEs
25/11/2024