April 24, 2025

Ascertain Secures $10 Million Funding to Enhance Healthcare AI

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News Summary

Ascertain has successfully raised $10 million in Series A funding, primarily led by Deerfield Management. This investment aims to bolster their AI-powered platform that streamlines healthcare operations, reducing paperwork for providers. The technology is designed to automate administrative tasks, allowing healthcare professionals to focus more on patient care, amid a labor shortage of over 100,000 positions in the industry. This funding will also enable Ascertain to explore partnerships with health systems to improve patient care and efficiency in healthcare.

Ascertain Lands $10 Million to Transform Healthcare with AI

In some exciting news for the world of healthcare technology, Ascertain has just announced that it raised a whopping $10 million in Series A funding. This fresh cash injection is set to elevate their AI-powered platform, designed to help healthcare providers streamline operations and minimize the paperwork burden weighing down busy professionals.

Leading the Charge

The funding round was spearheaded by Deerfield Management, a respected name in the investment world, with additional contributions coming from Northwell Health. This partnership signals a strong vote of confidence in Ascertain’s innovative approach to integrating technology with healthcare administration. The company’s AI-enabled case management assistant focuses on automating administrative tasks that have become all-too-familiar in health facilities, leaving professionals free to concentrate on what they do best: caring for patients.

Automating Admin Work

Ascertain’s cutting-edge solutions are designed to drastically reduce the administrative workload that often burdens healthcare organizations. By automating various tasks—ranging from policy reviews and record summarizations to payer communications and disability claims processing—Ascertain is paving the way for a more efficient healthcare environment. It’s all about ensuring that case managers, nurses, and social workers spend less time fiddling with paperwork and more time engaging with patients directly.

Piloting for Progress

As part of their effort to help healthcare professionals, Northwell Health’s transitions-of-care administration team has been piloting Ascertain’s platform to better the overall authorization processes. The goal here is clear: empower care team members to focus on patient care, ultimately leading to improved health outcomes. By adopting Ascertain’s innovative technology, they are tackling challenges head-on and forging a path to a more efficient future in healthcare.

Addressing Workforce Challenges

The timing for Ascertain’s expansion couldn’t be more opportune. With the U.S. healthcare sector grappling with a significant labor shortage—over 100,000 open positions for case managers and administrative roles—the need for innovative solutions has never been clearer. Currently, case managers find themselves spending up to 60% of their time dealing with manual administrative tasks. Ascertain is stepping in to help lighten this load, making it easier for these professionals to focus on providing exceptional patient care.

Paving the Way for Future Collaborations

The latest funding will help Ascertain grow and increase the accessibility of its AI-powered platform. The company’s leadership has expressed interest in using this funding to forge new partnerships with various health systems, aiming to drive efficiency and optimize patient care. By collaborating with Deerfield and Aegis, Ascertain is looking to tap into new distribution channels, improve workflows, and utilize data more effectively.

A Bright Future Ahead

Ascertain has come a long way since raising its initial seed funding of $11 million last year, led by Aegis Ventures. That brought the grand total of funds raised to $21 million. Also noteworthy is Northwell Health’s participation in this funding round through its venture arm, Northwell Holdings. As Ascertain prepares to relocate to Cure, Deerfield’s headquarters, their commitment to reshaping healthcare through technology is evident.

The Bigger Picture

The broader healthcare landscape is witnessing a surge in interest for AI-driven solutions aimed at easing documentation and compliance workflows. Ascertain is certainly not alone in this endeavor—companies like Suki are also stepping up to implement AI clinical documentation solutions. Regardless of the competition, it’s clear that Ascertain is poised to make significant strides in revolutionizing healthcare administration for the better.

As Ascertain continues on this impressive journey with fresh funding, the healthcare world will be watching closely to see how their AI-powered solutions will shift the landscape of patient care and administrative efficiency.