Tennr raises $37M
By HME News Staff
Updated 10:44 AM CDT, Tue October 22, 2024
NEW YORK – Tennr has secured $37 million in Series B funding to grow its efforts to use AI to power the fax machine to automate referral processing, payment posting, claims auditing and medical record management. The funding was led by Lightspeed Ventures with participation from existing investor a16z and Foundation Capital. “Our customers, spread across the U.S., run tight operations and process patients with excellent service,” said Trey Holterman, CEO and co-founder. “We align ourselves with these objectives that’s helping us drive growth. In the face of fixed-fee structures on the revenue side and constant inflation on the cost side—they want to be known as the best place to send patients, but they have an insurmountable amount of admin work that they have to do to get the job done. So, whether they always know it or not, it actually really matters to them that we try to be the best in the world at reading checkboxes, and drive these models forward.” Other investors include YCombinator, Zaza Pachulia and Jennifer Kaehms. In June, Tennr raised $18 million. In all, the company has now raised more than $61 million.
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