Tennr raises funding
By HME News Staff
Updated 12:31 PM CDT, Mon April 1, 2024
NEW YORK – Health care startup Tennr has raised $18 million on its mission to use AI to power the fax machine to automate referral processing, payment posting, claims auditing and medical record management. “When building Tennr and this health care integration, we looked at what’s actually needed and saw what was possible with technology,” said Trey Holterman, CEO and co-founder of Tennr. “Our No. 1 integration today is across fax providers, on-prem file storage systems and EHRs from the 90s. And this is the real life need of the industry. But beyond that, what people miss the most in all of this is that it’s not about just automating work or making teams faster. Lots of people can build tools that make admins marginally faster – that just doesn’t move the needle. Instead, our research team is building models based around this very complex information flow, being able to parse it for one practice at a time, and then do the work so well that you can turn it into very clear growth for a business. And yes, the e-fax ends up being in the middle of it all.” The Series A funding round was led by a16z, with participation from Foundation Capital and The New Normal Fund. Other investors include YCombinator, Zaza Pachulia and Jennifer Kaehms. In all, Tennr has now raised more than $25 million.
Comments