What does Trek Health do?
Trek Health is a payment and insurance workflow automation platform for mental health provider groups. The AI-powered platform assists healthcare organizations in benchmarking and negotiating payer contracts using real market data and automates claims processing.
How much did they raise?
The company raised $11M in Series A funding led by Madrona with participation from Correlation Ventures, LifeX Ventures, Accrete Health Partners, SNR Ventures, and Founder Collective.
What are their plans for the money?
Trek Health intends to use the funds to expand its operations and enhance its platform, which could significantly improve the efficiency and quality of mental health care delivery nationwide.
What have they achieved so far?
The platform is already integrated with EHR systems and offers features like instant claim reimbursement, automatic claim generation, and payer enrollments across more than 900 insurance networks, demonstrating its ability to synchronize providers and payers.
