After winning well-known customers with its technology to detect radiological diagnostic errors, Covera Health is raising funds to build its platform. The New York-based startup recently raised $25 million in a Series C financing led by private equity firm Insight Partners, which led the company last year.
Lonne Jaffe, Managing Director of Insight Partners, said in the press release: “Accurate radiological diagnosis is an important part of effective downstream healthcare across fields such as heart disease, cancer, chronic pain, and musculoskeletal diseases.” “We are very happy to work with you. Covera continues this journey together as they use their powerful artificial intelligence platform to change the way healthcare is measured and delivered, and potentially benefit hundreds of millions of patients worldwide.”
Covera started in 2017 with the goal of reducing diagnostic errors in radiology, which can have a major impact on the type of care patients receive. An example shared by this startup: If radiologists do not describe the muscle atrophy that accompanies a rotator cuff tear, they may miss important information that may indicate that the patient may not be able to recover from the surgery.
In 2019, Covera launched Radiology Center of Excellence Program in collaboration with Walmart, The purpose is to guide patients to use higher quality in-network providers and reduce the wide range of differences in diagnosis.Recently, entrepreneurship Won the Premera Blue Cross as a partner, It began to provide Covera’s services as a benefit for its fully insured members and self-insured companies.
The company plans to use the funds to expand its analytical product suite and meet the demand for its quality analysis platform.
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