#tennr

The company was founded in 2021 by Diego Baugh, Trey Holterman, and Tyler Johnson, after Baugh experienced delays in accessing specialist care during college. Tennr’s platform uses a proprietary AI model designed to interpret complex medical documents and streamline the referral process, including tasks like verifying insurance and checking patient eligibility.

The latest funding round, led by IVP with participation from Google Ventures, Iconiq, Andreessen Horowitz, and Lightspeed, values the company at $605 million. Tennr’s model is trained on a large dataset of medical documents and is tailored to address the specific challenges of patient referrals, such as navigating provider requirements and interpreting handwritten notes.

Although the company incorporates AI, CEO Holterman stresses that Tennr’s primary focus is on solving operational challenges in healthcare, rather than promoting itself as an AI brand. The company is also developing features that provide better transparency into referral and payment processes for both patients and physicians. Tennr reports that its revenue has tripled since its last funding round in October and currently reaches eight figures annually.

Header image: Tennr's founding team, from left to right: Trey Holterman (Co-founder and CEO), Tyler Johnson (Co-founder and CTO), and Diego Baugh (Co-founder and Chief Product Officer). Credit: Tennr.

Read more at Fortune

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