Overview

Credo Health provides an automated platform for retrieving medical records, aimed at healthcare providers and insurance payers. The platform uses digital automation to streamline the process of obtaining patient medical records, which reduces the risks and costs associated with manual retrieval. By ensuring timely access to comprehensive medical records, healthcare staff can concentrate more on patient care rather than administrative duties. This leads to better compliance, improved understanding of clinical situations, and enhanced patient outcomes. Credo Health operates on a subscription-based model, allowing clients to access its services, with potential additional fees for premium features. The company's goal is to deliver complete and accurate medical records before the first patient visit, enabling healthcare providers to make informed decisions and ultimately improve care delivery and patient satisfaction.

Simplify's Take

What believers are saying

• Increased FHIR adoption enhances Credo's platform capabilities for data exchange.
• The rise of telehealth boosts demand for Credo's digital record retrieval systems.
• Shift towards value-based care emphasizes the need for comprehensive patient data.

What critics are saying

• Emerging competitors may erode Credo's market share with similar platforms.
• Rapid tech advancements could render Credo's platform obsolete without innovation.
• Data privacy concerns could undermine trust in Credo's secure retrieval solutions.

What makes Credo unique

• Credo automates medical record retrieval, reducing manual effort and improving efficiency.
• The platform leverages interoperability standards for seamless data exchange in healthcare.
• Credo's Predx solution provides pre-encounter patient summaries, enhancing diagnostic accuracy.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$8M

Above

Industry Average

Funded Over

1 Rounds

$5,250,000

Seed

Jan 2024

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$5.3M