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About Infinitus
Industries
AI & Machine Learning
Healthcare
Company Size
51-200
Company Stage
Series B
Total Funding
$51.4M
Headquarters
San Francisco, California
Founded
2019
Overview
Infinitus.ai automates business-to-business conversations in the healthcare sector using artificial intelligence. Its main product is a digital assistant named Eva, which handles administrative tasks like benefit verification, prior authorization, and prescription savings calls for healthcare providers, Pharmacy Benefit Managers (PBMs), and pharmacies. Eva learns from each call and stays updated with payor guidelines across various therapies and procedures, allowing it to perform tasks accurately and efficiently. Infinitus.ai differentiates itself from competitors by providing a platform that completes tasks approximately 30% faster and with 10% higher quality than human operators. The goal of Infinitus.ai is to enhance operational efficiency in the healthcare system, ultimately improving patient outcomes.
Simplify's Take
What believers are saying
- Infinitus raised $51.5M in Series C funding, led by Andreessen Horowitz.
- The company was named one of Fast Company's Most Innovative Companies for 2023.
- AI adoption in healthcare is growing, enhancing Infinitus' market potential.
What critics are saying
- Competition from AI startups like Olive and Notable Health threatens market share.
- Data privacy concerns arise with handling sensitive patient information.
- Economic downturns may impact revenue as providers cut technology investments.
What makes Infinitus unique
- Infinitus automates healthcare phone calls, reducing administrative burdens for providers.
- Their AI platform, Eva, completes tasks 30% quicker than human operators.
- Infinitus' platform learns from calls, staying updated with over 1000 therapies and procedures.
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Funding
Total Funding
$51.4M
Meets
Industry Average
Funded Over
2 Rounds
Coatue Management
Kleiner PerkinsIndustry standards
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 1%2 year growth
↑ 8%Driscoll brings more than 25 years of industry leadership experience to healthcare AI company during pivotal moment of growth. SAN FRANCISCO, Nov. 13, 2024 /PRNewswire/ -- Infinitus Systems, Inc., provider of the first AI platform specifically built to automate manual healthcare phone calls, today announced the appointment of John Driscoll, Senior Advisor at Walgreens Boots Alliance (WBA) and EQT Group, to its board of directors as it enters its next phase of growth. Infinitus is a healthcare AI company that enables payors, providers, and drug manufacturers to automate one of the most time-consuming aspects of healthcare: manual phone calls. Errors and inefficiencies in this channel delay access to care, add unnecessary cost, and contribute to employee burnout. Infinitus solves these fundamental problems
Infinitus is also launching FastTrack, an AI-powered solution designed to streamline interactions with payers.
Infinitus Systems raised $51.5 million in Series C funding led by Andreessen Horowitz, as investors bet on the startup's AI technology that automates healthcare phone calls while maintaining strict guardrails against errors.
Guangdong-headquartered direct-selling firm Infinitus has invested RMB$8m (US$1.13m) in upgrading one of its testing centres that covers health foods, food products, cosmetics, and personal care products testing.
Leading Outpatient Surgery Center aims to create more time for customers with AI Benefit Verification and Prior Authorization automationSAN FRANCISCO, May 16, 2023 /PRNewswire/ -- Infinitus Systems, Inc., the Conversational AI Platform for Healthcare, today announced that Gramercy Surgery Center, the #1 Ambulatory Surgery Center (ASC) in New York, has chosen Infinitus to automate tedious and time consuming tasks of insurance verification and prior authorization across its care sites. With Infinitus, Gramercy aims to streamline its workflows, increase call coverage, and provide patients with a seamless experience.With Infinitus, Gramercy aims to streamline its BV and PA workflows, providing patients with a seamless experience. Tweet this Gramercy Surgery Center Selects Infinitus to Improve Patient Experience and Create Foundation for Future GrowthGramercy Surgery Center has provided New York City with quality healthcare since 2006 and has grown to become one of the leading multispecialty centers in Manhattan and Queens. They have approximately 70 employees on staff, and provide two state of the art surgical facilities to over 200 leading surgeons in the state. Since the pandemic, Gramercy patient case volume increased year-over-year by double digits and was difficult to support with their existing team."Insurance verification is a critical step in the process, but it can be time-consuming and require human intervention, making scalability challenging" said Austin Cheng, Chief Executive Officer at Gramercy Surgery Center. Despite many payors having online portals, the information located in these systems can be outdated
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About Infinitus
Industries
AI & Machine Learning
Healthcare
Company Size
51-200
Company Stage
Series B
Total Funding
$51.4M
Headquarters
San Francisco, California
Founded
2019
There are no jobs for Infinitus right now.
Find jobs on Simplify and start your career today
People Also Viewed
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