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Ascertain Closes $10M Round to Optimize Healthcare Processes with AI
Ascertain has raised $10 million in Series A funding to enhance its Agentic AI Platform, aimed at streamlining healthcare administrative processes. Led by Deerfield Management and supported by Northwell Health, the investment aims to improve the efficiency of workflows, allowing healthcare professionals to focus on patient care rather than paperwork.
Key points
- Ascertain automates administrative workflows in healthcare to reduce non-clinical workload, targeting up to 60% of time spent on such tasks.
- The Series A funding, amounting to $10 million, is intended to expand the adoption of Ascertain's AI platform across various healthcare providers.
- Northwell Health has validated Ascertain's platform through successful pilot programs, showing its effectiveness in healthcare operations.
- Mark Michalski will lead the expansion of Ascertain while serving as Chief Information Officer at Deerfield Management.
- The platform can directly integrate with existing systems and has the potential to significantly cut operating costs while improving care accessibility.
Why it matters
- The investment aligns with 2025 IT trends focusing on healthcare digital transformation and automation, where AI is playing a crucial role.
- Ascertain's efforts mirror the ongoing need for innovative solutions in light of staff shortages in healthcare administrative roles, with over 100,000 vacancies in the U.S.
- The development supports the trend of healthcare organizations seeking to leverage AI to enhance patient care quality and operational efficiency.
Ascertain's funding for its Agentic AI Platform represents a significant step toward optimizing healthcare operations, addressing both the efficiency of admin processes and the ongoing staff shortages in the sector.