Covera Health

Clinical intelligence platform for healthcare quality

New York City, New York, United States

About Covera Health

Covera Health focuses on enhancing the quality of healthcare, particularly in the field of radiology, through its clinical intelligence platform. This platform uses scientifically validated tools to help doctors make more accurate diagnoses, which ultimately improves patient care. The company works with major employers, payers, and healthcare organizations, such as Walmart and Microsoft, to provide insights and tools powered by artificial intelligence. Covera Health's business model is based on partnerships with these organizations to implement programs that promote effective care and quality improvement on a large scale. Unlike many competitors, Covera Health specifically targets the needs of insured Americans and aims to raise healthcare standards across the country. The company received $25 million in Series C funding in August 2021 to support its mission.

New York City, New YorkHeadquarters

2017Year Founded

$83.6MTotal Funding

SERIES_CCompany Stage

AI & Machine Learning, HealthcareIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Stock Options

401(k) Retirement Plan

Unlimited Paid Time Off

Commuter Benefits

Risks

Integration challenges with CoRead's technology could delay radiology service improvements.

AI reliance may face resistance from traditional healthcare providers.

Intensifying competition in AI healthcare analytics pressures Covera to innovate continuously.

Differentiation

Covera Health focuses on quality-based solutions for payers and providers in radiology.

The company partners with major firms like Walmart and Microsoft for AI-powered insights.

Covera Health's unique designation process reduces misdiagnoses and improves patient outcomes.

Upsides

Increased AI adoption in radiology aligns with Covera Health's mission for better diagnostics.

The acquisition of CoRead enhances Covera's platform capabilities in radiology accuracy.

Healthcare analytics market growth supports Covera's analytics-driven approach.

Funding

Total raised$83.64 M

Latest valuation$125.00 M

StageSERIES_C

SERIES C

10/31/2023

$25

$125.00 M

SERIES B

12/31/2019

$24

$117.50 M

SERIES A

1/31/2019

$42.50 M

SEED

10/31/2017

$19.90 M