Lead Data Specialist
Cohere HealthSalary not specified
- Full Time
- Junior (1 to 2 years)
About Cohere Health
Cohere Health improves the prior authorization process in healthcare, which requires providers to get approval from health plans before delivering certain services. Their platform, Cohere Unify, automates and streamlines these requests by integrating with electronic medical records and using technologies like optical character recognition and machine learning. This approach allows for faster decision-making and reduces delays in patient care. The goal is to make the prior authorization process more efficient, benefiting healthcare providers, health plans, and patients.
Boston, MassachusettsHeadquarters
2019Year Founded
$103.1MTotal Funding
LATE_VCCompany Stage
AI & Machine Learning, HealthcareIndustries
501-1,000Employees
Benefits
Health Insurance
401(k) Company Match
Performance Bonus
Remote Work Options
Risks
Increased competition from AI-driven startups like Abridge threatens market share.
Flat healthcare IT deal activity may impact future funding opportunities.
Dependency on Humana partnership poses risk if challenges arise in the relationship.
Differentiation
Cohere Health automates prior authorization, reducing delays and administrative burdens.
The Cohere Unify platform integrates with EMR and uses OCR for fax submissions.
Machine learning and AI enhance decision-making based on health plan policies.
Upsides
Humana expanded Cohere's platform use, showing trust and potential for more partnerships.
Cohere raised $50 million, indicating strong investor confidence and growth potential.
KLAS award recognition highlights effectiveness, attracting more healthcare providers.
Funding
Total raised$103.11 M
Latest valuation$250.00 M
StageLATE_VC
$50
$250.00 M$36
$180.00 MSERIES A
9/30/2020$10
$50.00 M