Cofactor AI Raises $4M in Seed Funding to Streamline Hospital Operations
Founded to address inefficiencies in hospital claim management, Cofactor AI uses advanced AI to bridge the gap between hospitals and payers.
Company Name: Cofactor AI
Location: Chicago, IL
Industry: Healthcare Technology / AI
Funding Details:
The $4M Seed funding round was led by Drive Capital.
Purpose of Investment:
The funds will be used to expand operations and accelerate platform development.
Leadership:
- Adi Tantravahi (CEO)
- Juan Sebastian Lozano (CTO)
Product:
Cofactor AI provides the Cofactor Denial Suite, a platform that integrates seamlessly with EHR systems and clearinghouses to optimize claim appeals and improve hospital operations. The platform uses a proprietary medical-native foundation model to:
- Review clinical evidence, coding guidelines, and peer-reviewed studies.
- Identify discrepancies between claims, medical documentation, payer policies, and facility contracts.
- Instantly surface the exact contextual information required to create successful appeals.
Key Benefits:
- Reduced administrative load: Streamlines claims processes, saving time and resources.
- Patient financial protection: Prevents unexpected financial burdens for patients.
- Increased access to care: Improves operational efficiency, enabling broader patient care.
About the Company:
Founded to address inefficiencies in hospital claim management, Cofactor AI uses advanced AI to bridge the gap between hospitals and payers. By automating the identification of claim discrepancies, the platform helps healthcare providers focus on delivering quality care while maximizing reimbursement accuracy and efficiency.
