What does Cohere Health do?
Cohere Health delivers clinical intelligence solutions that streamline prior authorization through its AI-powered platform, Cohere Unify. The company is focused on modernizing utilization management by optimizing provider workflows and facilitating critical collaboration between physicians and health plans.
How much did they raise?
The company raised $90M in a Series C funding round led by Temasek, with additional participation from Deerfield Management, Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners. This round brings Cohere Health’s total funding to $200M.
What are their plans for the money?
Cohere Health plans to use the funding to accelerate its next phase of growth, scale its platform, and expand into new clinical use cases. The investment will support deeper integration of AI-powered tools in their solutions, potentially transforming access to quality healthcare by enhancing collaboration across the industry.
What have they achieved so far?
The company already processes over 12 million prior authorization requests annually for more than 600,000 providers nationwide, demonstrating its significant impact on modernizing utilization management and enhancing healthcare outcomes.
