Anatomy Financial

Anatomy Financial

Automates healthcare billing and reconciliation

Overview

Company Does Not Provide H1B Sponsorship

Anatomy Financial offers a financial automation platform for healthcare organizations that handles insurance billing and revenue cycle tasks. Its tools automate payments and digital record-keeping through a healthcare-specific smart reconciliation feature and a healthcare lockbox, reducing manual data entry and improving cash flow. The platform includes high-yield banking tools tailored to the healthcare industry and integrates with a practice’s billing data to reconcile payments and manage receivables. The company's goal is to streamline financial operations for healthcare providers, improve cash flow, and scale its AI-powered automation and lockbox capabilities for growth, serving medical and dental practices, MSOs, and DSOs.

About Anatomy Financial

Simplify's Rating
Why Anatomy Financial is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Enterprise Software

Financial Services

Healthcare

Company Size

11-50

Company Stage

Series A

Total Funding

$26.6M

Headquarters

San Francisco, California

Founded

2022

Your Connections

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Simplify's Take

What believers are saying

  • $19M Series A from Canapi Ventures scales AI lockbox in December 2024.
  • CheckAlt partnership enhances secure EOB conversion launched May 2024.
  • $2.65M revenue with $86K per employee drives operational efficiency.

What critics are saying

  • Waystar integrates AI EOB-to-835, capturing 40% hospital market now.
  • CheckAlt launches competing AI tools, diverting customers in 12 months.
  • CMS mandates 835 ERA by end-2026, obsoleting EOB conversion entirely.

What makes Anatomy Financial unique

  • Anatomy Financial's AI lockbox converts paper EOBs to 835 ERA files.
  • Smart reconciliation automates insurance billing for medical practices.
  • Healthcare lockbox digitizes checks, eliminating manual data entry.

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Funding

Total Funding

$26.6M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$19M
Anatomy Financial
$30M
Kalshi

Benefits

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

0%

2 year growth

6%
PYMNTS
Dec 24th, 2024
Anatomy Financial Raises $19M for Billing

Anatomy Financial raised $19M in a Series A round to enhance its digital billing solutions for healthcare. The company offers services like healthcare lockbox, EOB conversion to 835 files, and smart reconciliation, aiming to replace paper-based billing with digital processes. This funding, led by Canapi Ventures, will help improve efficiency and provide real-time insights for healthcare organizations. Anatomy Financial is also partnered with Live Oak Bank for embedded banking solutions.

Business Wire
Dec 19th, 2024
Anatomy Raises $19 Million Series A to Scale Their AI Healthcare Lockbox

Anatomy Financial, the developer of the AI-powered lockbox to convert paper mail from healthcare practices of all sizes to an email-like experience fo

Just AI News
Dec 17th, 2024
Anatomy Financial Raises $19M Series A Funding, led by Canapi Ventures

Anatomy Financial secures $19M in Series A funding led by Canapi Ventures, with participation from Lightspeed Venture Partners.

FinSMEs
Dec 17th, 2024
Anatomy Financial Raises $19M in Series A Funding

Anatomy Financial, a San Francisco, CA-based developer of the AI-powered lockbox to convert paper mail from healthcare practices of all sizes to an email-like experience for simplified billing workflows, raised $19M in Series A funding.

PYMNTS
Jun 3rd, 2024
Live Oak Bank Launches First Embedded Banking Partnership

Live Oak Bank has launched its first embedded banking partnership. Powered by the bank’s in-house technology and a Finxact core, this offering enables software companies to directly deliver Live Oak banking products and services to their own customers, Live Oak Bank said in a Monday (June 3) press release. For the customers of these software companies, this means they will receive banking services embedded in the software they already use, according to the release

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