Founded in 2011 and headquartered in San Mateo, California, Health Fidelity offers NLP-powered solutions and advisory services (the Lumanent™ suite) that uncover clinical insights to improve care plans and revenue capture across MA, ACA, Medicaid, and ACO programs. The company processes large amounts of unstructured clinical data to guide provider networks and health systems within existing operational workflows and improve risk adjustment performance. Health Fidelity provides analytics and expert advisory services that help partners pursue and succeed in risk-sharing arrangements. The company said it continues to drive significant year-over-year growth and delivers NLP-enabled risk adjustment solutions despite the COVID-19 operating environment. Health Fidelity secured financing to accelerate new product delivery to the provider market and to expand market development. The financing was described as growth and working capital support from CIBC Innovation Banking. Health Fidelity is a San Mateo, California-based company that develops technologies for the value-based healthcare era. Led by CEO Daniel J. Riskin and CTO Anand Shroff, the company provides integrated delivery systems, health plans and health systems with a risk adjustment solution for Medicare Advantage, Medicare ACO and health insurance exchange programs. Health Fidelity received a significant investment from healthcare system UPMC; the amount was not disclosed. The company plans to use the funds to expand research and development and strengthen its team. No operating metrics or past financing details were disclosed in the article. The announcement appeared in FinSMEs on 23/03/2015. Health Fidelity develops a clinical natural language processing (NLP) platform that extracts data from clinical sources, including narrative notes, to support medical decision-making and quality monitoring. The platform delivers structured data to drive downstream healthcare applications used by clinicians and administrators. The company intends to use new funding to further develop and market its platform. Health Fidelity recently closed a Series A financing of undisclosed size led by Charter Life Sciences. The financing will enable the company to advance product development and expand go-to-market efforts. The platform is designed to help providers extract and utilize the large volumes of clinical data they collect to improve care quality.

Total raised

$6M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Aug 2020