Third Way Health

Third Way Health

AI-enabled front-office healthcare workflow services

Overview

Third Way Health provides AI-powered operational services for healthcare organizations, focusing on front-office tasks to reduce administrative burdens and improve patient access. Its Ascend platform includes modules like Patient Access as a Service for calls and scheduling, Front Office as a Service for insurance verification and prior authorizations, Digital Front Door for online self-service, Dyno AI Voice Assistant for multilingual support, and AI Agent Assist to help human agents, with AI AutoQA monitoring for quality. The company differentiates itself by combining human expertise with AI and by taking on operational ownership of tasks through a white-glove, 12-week embedded service model, rather than merely selling software. Its goal is to lower front-office costs, increase patient visits, and cut phone wait times, while expanding its AI capabilities and client base across medical practices, payers, and MSOs.

About Third Way Health

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

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Healthcare

Company Size

201-500

Company Stage

Series A

Total Funding

$16.6M

Headquarters

Los Angeles, California

Founded

2022

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Simplify's Take

What believers are saying

  • February 2026 Series A raised $15 million, funding sales, implementation, and AI expansion.
  • Graybill cut front-office costs 50% and abandonment to 1.5% by April 2026.
  • Dyno AI multilingual voice support and AI AutoQA strengthen compliance-driven healthcare adoption.

What critics are saying

  • Commure Engage and Notable directly attack patient access, referrals, and call-center workflows.
  • Service-heavy delivery needs implementation teams; margin compression hits if customer onboarding slows.
  • If Graybill-style transformations stall, buyers retreat to cheaper point tools by 2027.

What makes Third Way Health unique

  • Hybrid AI-plus-human operating model owns front-office workflows, not just software.
  • Graybill partnership proved embedded implementation across nine locations, including telephony and medical records.
  • Health Velocity Capital backed execution after Astrana Health and MedPOINT strategic validation in 2025.

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Funding

Total Funding

$16.6M

Meets

Industry Average

Funded Over

2 Rounds

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
Meet Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$15M
Third Way Health
$30M
Kalshi

Benefits

Flexible Work Hours

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

3%
Thirdway Health
Jul 14th, 2026
Graybill Medical Group cuts front-office costs by 50% and improves Patient Access through ai-driven transformation.

Graybill Medical Group cuts front-office costs by 50% and improves Patient Access through ai-driven transformation. By Third Way Health. July 14th, 2026. LOS ANGELES, April 28, 2026 - Third Way Health, Inc. (TWH), a leading AI-enabled services partner for healthcare organizations, today announced measurable operational and patient experience gains from its partnership with Graybill Medical Group, Inc., North San Diego County's largest independent multi-specialty medical group. Over the course of the two-year partnership, Graybill has transformed its front-office operations - improving access, efficiency, and patient satisfaction, and strengthening provider-patient relationships. As a 94-year-old, physician-led medical group with more than 100 providers, Graybill relies on seamless communication and operational consistency across clinics to create a positive patient experience. After implementing Third Way Health's hybrid AI and live-agent solution, Graybill achieved meaningful improvements across access, efficiency, and cost: * Cost Savings: Approximately $3M or 50% in savings across call center and medical records staging, including benefits and overhead * Reduced Patient No-Shows: 24% reduction, from 5.1% to 3.9% between Q4 2024 and Q4 2025 - outperforming industry benchmarks (top performers: 2-4%; median: 6-8%) * Minimized Call Abandonment: Abandonment rate of 1.5% over the past two months, well below industry benchmarks (top performers under 2%; 75th percentile at 3-5%) * Faster Patient Access: Average call wait time of 20.2 seconds, with 85% of calls answered within 20 seconds - meeting or exceeding top quartile benchmarks * Elevating Patient Experience: 4.8/5 post-call patient satisfaction (CSAT) score, reflecting a consistent positive patient experience "For years, our patients struggled to get through on the phone with our team - to the point where it became routine for our providers to start visits by apologizing for the wait," said Jamie Reddick, COO, Graybill Medical Group. "Today, that friction is gone, and satisfaction amongst our patients has improved significantly. We're now able to operate more effectively as a community provider while keeping pace with growing competition. Third Way Health's processes facilitated a seamless AI implementation and addressed our concerns around workflow integration and adoption. We've moved from constant staffing shortages and training cycles to a more stable, less stressful environment that allows our team to focus on better supporting both our patients and our staff." Following its separation from a managed services partner in 2024, Graybill executed a system-wide operational rebuild across 9 locations, reestablishing IT infrastructure, telephony systems, access tools, and core workflows. This initiative focused on eliminating inefficiencies while preserving high-performing processes, with a clear emphasis on the patient and provider experience. By bringing key functions such as utilization management and medical records scanning back to the clinic level, Graybill enabled faster handoffs and tighter coordination across teams. Implementing Third Way Health's technology was a critical component of this transformation, allowing the organization to modernize operations and scale improvements across all locations. "Supporting Graybill Medical Group's rebuild reflects why we started Third Way Health in the first place," said Frederik Mueller, Co-Founder and CEO of Third Way Health. "Every operations team deserves a mission-aligned partner who recognizes the urgency of protecting the front-office experience. Graybill is a physician-owned and operated organization with a 94-year legacy of care. Modernizing operations is essential to preserving the trusted relationship between physicians and their patients - we're proud to accelerate that journey." This announcement follows Third Way Health's $15M Series A funding round in February 2026, led by Health Velocity Capital, supporting the company's continued expansion, operational scale, and advancement of its AI capabilities. About Third Way Health Third Way Health is a cutting-edge AI-powered healthcare services partner focused on revolutionizing the front office of medical practices and business operations for payers, MSOs, and beyond. Third Way Health, Inc. ensure best-in-class service quality through its AI-enabled end-to-end operating platform, a meticulous implementation process, and top-tier personnel. About Graybill Medical Group Established as a small family practice in Escondido in 1932, Graybill Medical Group has become North San Diego County's largest independent multi-specialty medical group, with locations spanning the 78 Corridor from the Coast to Escondido, plus Fallbrook, Murrieta, and Temecula, and more than 100 physicians and practitioners offering a wide array of primary and specialist care. Graybill Medical Group is an independent member of the Sharp Community Medical Group, which was recently voted the 2015 Best Medical Group by the Union-Tribune Readers Poll.

MobiHealthNews
Feb 27th, 2026
Third Way Health raises $15M to scale AI workflow platform

Third Way Health raises $15M to scale AI workflow platform. The funds will be used to enhance the company's hybrid human and AI-powered operating platform, scale its reach and grow its workforce. By Jessica Hagen | February 27, 2026 | 5:38 PM Third Way Health, which offers AI to help healthcare organizations streamline workflows, has closed an oversubscribed $15 million Series A funding round led by Health Velocity Capital, bringing its total raise to $22.5 million. WHAT IT DOES The company offers a hybrid human and AI operating platform, Ascend, which includes tools like Dyno AI Voice Assist for scheduling, billing, and other inquiries. The program is available in multiple languages. Third Way Health also offers clinical and operational-decision software. The Los Angeles-based company will use the funds to scale its operational footprint and advance its technology. It will also expand its workforce, including its sales and implementation teams. "Today's healthcare practices require solutions that support sustainable growth and adapt to ever-evolving workflows. AI can be a useful tool in getting there - but to see real impact and true ROI, AI solutions must be informed and supported by the right underlying data and process infrastructure," Frederik Mueller, cofounder and CEO of ThirdWay Health, told MobiHealthNews. "At Third Way Health, we design and manage streamlined workflows and data systems that allow AI to deliver value at scale. Unlike standalone AI tools, we work as a partner to redesign the entire front office - calls, scheduling, eligibility, follow-ups - and then layer automation on top. With this funding, we are accelerating our ability to scale that model that levels one of healthcare's largest roadblocks." MARKET SNAPSHOT In 2025, the company announced a strategic investment from MedPOINT Management. The amount invested was undisclosed. In 2023, the company raised $1.55 million in pre-seed funding, led by Apollo Medical Holdings (ApolloMed). The company said the pre-seed funding would allow it to establish operations in the U.S. and Colombia, and launch two pilot practices in California and New York.

Business Wire
Feb 26th, 2026
Third Way Health raises $15M to scale AI-powered front-office operations for healthcare practices

Third Way Health has raised $15 million in a Series A round led by Health Velocity Capital, bringing its total funding to $22.5 million. The company provides AI-powered front-office services for healthcare practices, supporting organisations that collectively serve over five million patients annually. The Los Angeles-based startup offers comprehensive administrative solutions, from scheduling to prior authorisation, through dedicated teams embedded in client workflows. Implementation takes as little as 12 weeks. Third Way Health has helped clients reduce front-office costs by up to 40%, increase patient visits by 11% on average, and halve phone wait times. The funding will support customer growth, expand operations, and advance automation capabilities. The round follows a strategic investment from Astrana Health and MedPOINT Management in 2025.

Morningstar
Sep 25th, 2025
MedPOINT invests in Third Way Health

MedPOINT Management has made a strategic investment in Third Way Health (TWH), an AI-enabled services partner for healthcare organizations. This investment strengthens their partnership, aiming to enhance healthcare operations through technology, allowing providers to focus on patient care. TWH will use the investment to expand its technology platform and team, advancing its AI-driven operating model.

PR Newswire
Sep 25th, 2025
MedPOINT Management Makes Strategic Investment in Third Way Health

/PRNewswire/ -- Third Way Health, Inc. (TWH), a leading AI-enabled services partner for healthcare organizations, today announced a strategic investment from...

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