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Ascertain

Launches AI-powered healthcare companies platform

Overview

Ascertain combines healthcare and technology to create AI-powered healthcare ventures. It partners with health systems, most notably Northwell Health, and Aegis Ventures to build and launch AI-enabled companies at scale. The company uses its platform and interdisciplinary team of clinicians, engineers, and business leaders to identify operational opportunities, assemble capable operators, and bring AI tools to healthcare settings. Its products focus on reducing administrative work for clinicians and improving patient care, enabling health systems to serve their communities more effectively. Revenue comes from creating and launching AI-driven healthcare companies that operate on Ascertain’s platform, with the aim of transforming medicine and expanding equitable access to care.

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About Ascertain

Simplify's Rating
Why Ascertain is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareAI & Machine LearningHealthcare

Company Size

51-200

Company Stage

Early VC

Total Funding

$137.4M

Headquarters

New York City, New York

Founded

2022

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Simplify's take

What believers are saying

  • April 2025 Series A and 2026 Series B show investor conviction in Ascertain.
  • October 2026 hiring for sales, product, and engineers signals expansion beyond Northwell pilots.
  • Deerfield's November 2026 AWS partnership strengthens deployment capacity across portfolio companies.

What critics are saying

  • Waystar and Availity already own payer workflows, compressing Ascertain's differentiation by 2027.
  • Ascertain's AWS-dependent agent stack faces platform lock-in if payer integrations break.
  • If health systems buy point solutions instead, Ascertain's launch-platform thesis dies and revenue stalls.

What makes Ascertain unique

  • Ascertain unifies prior authorization, referrals, eligibility, and care coordination across existing systems.
  • Northwell pilot cut clicks 80% and submission time 67% by October 2026.
  • The Oncology Institute deployment reached 100 clinics in under eight weeks with 95% approvals.

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Funding

Total Funding

$137.4M

Above

Industry Average

Funded Over

4 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Flexible Work Hours
  • Company Equity

Growth & Insights and Company News

6 month growth

4%

1 year growth

1%

2 year growth

-1%
Business Insider
May 2nd, 2025
Ascertain secures $10M for AI in healthcare

Ascertain, led by ex-Amazon exec Dr. Mark Michalski, raised $10 million in Series A funding to alleviate healthcare administrative burdens using AI. The round was led by Deerfield Management, with participation from Northwell Health. Ascertain's AI platform aids hospitals with tasks like clinical documentation and compliance management. The startup, launched in 2022, collaborates closely with Northwell Health and plans to expand through Deerfield's healthcare portfolio.

TechNews180
Apr 23rd, 2025
Ascertain Raises $10M to Expand Healthcare AI Tools

Healthcare AI company Ascertain has raised $10 million in a Series A funding round led by Deerfield Management, with strategic backing from Northwell Health.

FinSMEs
Apr 22nd, 2025
Ascertain Raises $10M in Series A Funding

Ascertain, a NYC-based healthcare technology company empowering care teams with AI, raised $10m in Series A funding.

Indica News
Apr 22nd, 2025
Ascertain Secures $10M for AI Platform

Ascertain, a healthcare technology company, has raised $10 million in Series A funding led by Deerfield Management, with participation from Northwell Health. The funding will help scale Ascertain's AI platform, which automates administrative tasks in healthcare, improving efficiency and patient care. Ascertain's solutions address labor shortages and streamline workflows, allowing healthcare professionals to focus more on patient care. The company will move into Deerfield's NYC headquarters.

PR Newswire
Aug 22nd, 2023
Ascertain Announces Leadership Team With Appointment Of Ceo Mark Michalski, M.D. And Executive Chairman Gregg Fergus

Michalski, an Amazon alum, and Fergus, ex-CEO of 4Catalyzer, will lead the company creation platform building AI applications in healthcare.NEW YORK, Aug. 22, 2023 /PRNewswire/ -- Ascertain, a healthcare AI company creation platform, today announced the formation of its leadership team with the appointment of CEO Mark Michalski, M.D. and Executive Chairman, Gregg Fergus. Michalski and Fergus will lead Ascertain in its mission to merge deep technical, operational, and clinical expertise to deliver high-quality, equitable, and affordable healthcare.Michalski brings two decades of executive leadership experience to Ascertain. Prior to Ascertain, Michalski led strategic development for healthcare and life sciences at Amazon, was Founding Executive Director at Mass General Brigham/Harvard's Center for Clinical Data Science, and served as President and CMO of two publicly traded companies - Butterfly Network and Hyperfine Research. He is a board-certified radiologist and completed his medical training at Yale and Stanford.Fergus and Michalski met and collaborated closely at the venture studio 4Catalyzer where Fergus was CEO, launching several leading healthcare companies including Butterfly Network, Hyperfine Research, AI Therapeutics, and Quantum Si

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