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Covera Health

Covera Health

AI-powered clinical intelligence for radiology

About

Covera Health provides a clinical intelligence platform focused on delivering AI-powered quality insights for providers and insurers, with an initial emphasis on radiology. The platform is seamlessly integrated and aims to inform key decision-making and elevate care coordination, with a focus on improving patient outcomes and safeguarding access to provider and patient data.

Company Stage

Series C

Employees

51-200

Industries

Data & Analytics, Healthcare

Total Funding

$111M

Headquarters

N/A

Founded

2017


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Simplify's Take

What believers are saying

  • Covera Health's demonstrated ability to reduce downstream healthcare costs by up to 12% positions it as a valuable partner for healthcare providers and payors.
  • The recent $50M funding round and acquisition of CoRead indicate strong financial backing and growth potential, enhancing job security and opportunities for innovation.
  • The launch of the Quality Care Collaborative highlights Covera's commitment to large-scale radiology quality improvement, offering employees a chance to work on impactful healthcare initiatives.

What critics are saying

  • The reliance on AI and advanced technology means any technical failures or inaccuracies could significantly impact patient outcomes and company reputation.
  • Integration challenges from acquisitions like CoRead could lead to operational disruptions and cultural clashes.

What makes Covera Health unique

  • Covera Health's AI-enabled technology focuses on radiology performance measurement, setting it apart from general healthcare analytics firms.
  • The company's unique designation process for high-quality imaging facilities directly addresses misdiagnoses, improving patient outcomes and reducing downstream healthcare costs.
  • Strategic acquisitions like CoRead enhance Covera's platform capabilities, integrating advanced diagnostic technologies to further differentiate their offerings.

Growth & Insights
Headcount

6 month growth

-3%

1 year growth

-4%

2 year growth

-17%

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