Cohere Health Launches After Raising $10M, Plans to Grow Team
Summary
The company claims that its platform is designed to “simplify the complex,” doing away with the confusing patchwork of siloed administrative processes and antiquated technologies that have been bogging down the healthcare industry for years. “We have the evidence-based clinical algorithms, human-centered design and innovative technology to improve the system dramatically.” Cohere Next takes on the administrative burden of assessing transactions and placing them into context, which is something that is ordinarily quite burdensome on both physicians and health plans. The company incentivizes physicians to adhere to these recommendations by making it so that behavior that benefits the patient also benefits “practice economics.” RelatedBlack Tech Pipeline, $115M in Funding, and More Boston Tech News Michael Greeley, general partner at Flare Capital and Cohere Health board member, thinks this technology could not have come at a better time for the industry, saying in a statement that “the flaws of the current healthcare system have been exposed further” in light of the COVID-19 pandemic. With its newly released platform and seasoned leadership team and board of directors, Cohere Health also hopes to make its mark on the industry. “With the experienced and dynamic team that Cohere has assembled, I can’t wait to see how they will transform the business of medicine into a system that’s better for everyone.” Also in BostonThrasio Raises $260M, Reaches Unicorn Status With $1B Valuation