Covera Health uses a clinical intelligence platform focused on radiology to help doctors make more accurate diagnoses. Its system applies clinically-validated, science-based AI tools to generate quality insights that guide patient care. The company partners with large employers, payers, and healthcare organizations (including Walmart and Microsoft) to implement programs that scale quality improvement and support better outcomes for insured Americans. Unlike some AI health tools that operate in isolation, Covera Health emphasizes validated tools, real-world deployment through partnerships, and a radiology-first approach. Its goal is to elevate care standards across the nation by improving diagnostic accuracy and care quality through data-driven insights.
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Industries
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$136.8M
Headquarters
New York City, New York
Founded
2017
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Total Funding
$136.8M
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Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: 'I never want to retire. Why would you do that?' At 71, Richard Brown feels as if he's a college student all over again. A nuclear medicine physician turned professor, Brown formally retired in 2020 - only to take another job in university leadership the following week and join a venture-backed health care startup. Now, he's reinventing himself once again, this time as a product entrepreneur - and it has him more excited than ever. "My hobbies tend to be learning something new," Brown told Fortune in a recent interview. "I think I never want to retire," he added. "Why would you do that? You spent all this time learning something - and things get easier for you when you get older in some ways because you're a little bit wiser." His latest experiment is Poka Snack, a skewer-like product designed to make it easier to freeze and eat fruit, particularly bananas. Earlier this year, Brown launched it on Kickstarter, where it has raised more than 90% of its initial $4,000 goal, and he's already amassed more than 14,000 TikTok followers. But for Brown, the venture is more than a frozen skewer business. It's another opportunity to step outside his comfort zone, learn something unfamiliar, and find the energy that comes with starting over. "It's almost like being in college again," Brown said. "You have that adrenaline flowing. You want to accomplish something." Don't be afraid to 'look stupid' and take risks, Brown says. Brown graduated from the University of Michigan's medical school in 1980 and spent the next two decades in private practice. In 2004, he returned to his alma mater as a professor, while also serving as director of clinical nuclear medicine and molecular imaging in the university's division of nuclear medicine. He retired from Michigan in 2020. By then, Brown had spent decades building a career; he could have stepped away and looked back on the patients he treated, the students he taught, and the hefty salary that came with it. Instead, the following Monday he started a new job. Brown became the first vice chair of clinical operations at the University of Utah School of Medicine's department of radiology, a role he held for three years before joining Covera Health, a venture-backed health-tech startup. Today, he serves as the company's chief health strategy officer. Still working years after the typical retirement age, constant change and sense of growth is what keeps Brown engaged. Early in a career, he said, much of the work is about learning; eventually, as the job becomes familiar, it can become easier to stop pushing yourself into unfamiliar territory. "When something becomes routine, you probably have stopped growing," he said. That philosophy has shaped Brown's relationship with entrepreneurship. During the dot-com boom - while still practicing medicine - he launched several internet ventures, including websites that sold college textbooks and hotel rooms around the world. He also created an educational website for cancer patients and their families. While the era's bust eventually brought most of those ventures to an end, Brown said the experience taught him not to let the fear of failure - or looking foolish - get in the way. "I think the problem with most people is they're afraid to look stupid," Brown said. "If you think that something should be done, just do it. Don't worry about what other people think, because you may be wrong, but you also may be right. And if you're right, do you really want to miss that opportunity?" He's continued to embrace that mindset with Poka Snack, which was inspired by the fact that while he liked eating frozen bananas, existing products were difficult to insert, sometimes broke and could leave splinters in the fruit. "I wanted something better," Brown said. "When I couldn't find what I was looking for, I decided to see if I could create it myself." After testing roughly 40 prototypes, Brown settled on the final design, featuring patent-pending semi-helical geometry. He's now working with a U.S. manufacturer on production while finalizing the packaging. How a baby boomer used AI to become a 'solopreneur' Brown's latest venture has also given him a crash course in something else: using AI to build a business largely on his own. He's used the technology throughout the entire Poka Snack development process, from product concept and design to branding, creative work, marketing, his business plan, and the launch. Without it, he said, becoming a "solopreneur" would not have been possible. But the experience has also reinforced a lesson Brown has learned throughout his career: Instead of worrying about finding the perfect career path, pay attention to what genuinely interests you. "People are always asking: 'What should I go into?' and that's the wrong question," Brown said. "The question is: 'What are you excited about?'" It's a simple philosophy, but one Brown has spent his career putting into practice: Never stop learning or experimenting - and don't be afraid to start over.
Tiffanny Ruiz joins Covera Health. Tiffanny Ruiz, MHS, RRA, recently shared via LinkedIn that she is joining Covera Health. "After 6.5 years as a Registered Radiologist Assistant at Randet, I'm happy to share that I have starting a new position as an AI Clinical Specialist at Covera Health! I'm very excited to work alongside this incredible team and look forward to all we can accomplish together," she wrote. People on the Move. Submit yourself or someone else to be featured in its People on the Move category! Accepted file types: jpg, jpeg, png, Max. file size: 2 MB.
Covera Health has appointed Evan Raff, MD, MHA, as Chief Clinical Officer to lead its population health and early detection programmes. Dr Raff is dual board-certified in radiology and clinical informatics and brings extensive experience from the Los Angeles County Department of Health Services, where he led specialty care strategy for over 500,000 patients. At Covera, Dr Raff will oversee the clinical direction of the company's Protect portfolio, which uses routine imaging to detect serious diseases earlier. The programmes include Protect Seniors for health plans and Protect Her for employers, focusing on early detection of conditions like cancer, cardiovascular disease, and bone disease. Covera Health operates an AI-powered quality platform connecting payors, providers, and employers to improve diagnostic accuracy and patient outcomes.
Covera Health has completed a $20 million funding round, with an additional $30.8 million in securities offered as part of the transaction. The offering comprises equity and debt instruments designed to strengthen the company's balance sheet and support operations. The financing round was led by institutional investors, with participation from existing shareholders. Funds will be allocated towards product development, market expansion and general corporate purposes. Covera Health provides health insurance solutions and has been expanding in the US market, targeting underserved segments with affordable coverage options. The transaction is expected to enhance liquidity and provide a foundation for future growth. Financial terms, including pricing and maturity dates, were not disclosed in detail.
Covera Health and Medmo have combined to create a unified diagnostic imaging platform that spans the full patient journey—from referral... Read More
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Industries
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$136.8M
Headquarters
New York City, New York
Founded
2017
Find jobs on Simplify and start your career today