Business

The funds will be used to expand its direct-to-consumer services and grow partnerships with payers and health systems.

The deal marks Innovaccer's fourth acquisition in the past two years.

While smaller hospitals and FQHCs often lack the infrastructure to deploy AI, Duke's Dr. Mark Sendak says the Health AI Partnership is working to help them access AI tools that can drive efficiency and reduce administrative burden.

The round follows a $200 million seed raise earlier this year.

The company will use the funds to invest in AI research and development initiatives.

The company's AI voice companion allows seniors to engage in conversation via a telephone that does not require additional devices or hardware.

The funding round comes one month after the company announced it secured a $35 million investment.

Kari O'Rourke, president of Imagine Pediatrics, says providers can reduce ER visits and costs by wrapping care around the whole family, unifying fragmented records with technology and addressing child patients' social needs.

The company will use the funds for the global introduction of its robotic retinal imaging, AI and teleophthalmology platform.

The funds will be used to expand the company's reach with payers and providers, grow its team and for product development.