Kaiser Permanente to invest $200-250 million in Innovaccer, with valuations dropping to 10-15x. Mubadala joins the new round. Innovaccer digitizes patient data for US healthcare firms like Orlando Health, MercyOne, and CommonSpirit Health.
On Monday at HIMSS24, Innovaccer unveiled a preview of its new AI copilot for providers, which is slated to go on the market by the end of 2024. The solution is a portable tablet device designed to provide clinicians with point-of-care support it flags care and coding gaps, assists with clinical documentation and advises clinicians on possible diagnosis pathways.
The company turned unicorn in 2021 with a $150 million funding round at a $3.2 billion valuation. It has raised a total of $375 million. Innovaccer Aims To Reach Nearly 'USD 200 Million' in Annualised Revenue Rate by Year End, Says Co-Founder and CEO Abhinav Shashank.
Innovaccer acquired Cured, a healthcare digital marketing and CRM platform. With the deal, Innovaccer gains more than 20 customers to add to its current portfolio of clients. Innovaccer CEO Abhinav Shashank said the main goal of the acquisition was to help his company become a leader in patient experience technology.
This year's J.P. Morgan Healthcare Conference brought a bevy of news announcements from acquisitions to partnerships to new products and more. This list compiles short summaries for seven of the event’s most notable announcements.