Full-Time

Account Executive

Payor

Confirmed live in the last 24 hours

Hippocratic AI

Hippocratic AI

51-200 employees

Develops specialized language models for healthcare

AI & Machine Learning
Healthcare

Senior

Palo Alto, CA, USA

The team is expected to be in the office five days a week.

Category
Strategic Account Management
Sales & Account Management
Required Skills
Public Speaking

You match the following Hippocratic AI's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Minimum 5 years of direct health plan sales experience with a proven track record of success.
  • Experience working with both national and regional payers, with a preference for experience with Blues plans.
  • Strong expertise in complex contract negotiations.
  • Ability to work independently and self-manage while driving results.
  • Exceptional project management, organizational, and communication skills.
  • Confidence in public speaking, with a willingness to present in front of large audiences as needed.
  • Proven ability to manage multiple priorities effectively in a fast-paced environment.
  • Willingness to travel extensively for client meetings, conferences, and industry events.
Responsibilities
  • Drive new sales with target payer accounts by developing strategies that generate top-of-funnel activity and efficiently move prospects through the sales funnel to close.
  • Leverage deep expertise in healthcare and payer sales to establish and grow relationships with health insurance providers, payer organizations, and healthcare systems.
  • Navigate complex sales cycles within healthcare payer organizations, managing multiple stakeholders and decision-makers.
  • Collaborate cross-functionally with internal teams to align goals and deliver exceptional value to clients.
Desired Qualifications
  • Established relationships within the healthcare payer ecosystem.
  • Experience navigating sales processes within complex healthcare systems.
  • Familiarity with digital health solutions and innovative healthcare technologies.
  • Knowledge of compliance and regulatory requirements related to payer contracting.

Hippocratic AI develops advanced language models specifically designed for healthcare applications. Their models are tailored to improve healthcare access, equity, and outcomes while ensuring safety and reliability for non-clinical tasks. The company has created a model that has outperformed GPT-4 in 105 out of 114 healthcare exams, showcasing its accuracy. Hippocratic AI serves hospitals, clinics, and healthcare providers, offering AI solutions to enhance patient care and operational efficiency. Unlike general-purpose models, Hippocratic AI focuses on evidence-based content and employs a Reinforcement Learning with Human Feedback process, involving healthcare professionals in training and validation. The company generates revenue through licensing its models, partnerships, and subscription services, aiming to lead in the healthcare AI sector with a commitment to safety and compassionate interactions.

Company Size

51-200

Company Stage

Series B

Total Funding

$268.5M

Headquarters

Palo Alto, California

Founded

2022

Simplify Jobs

Simplify's Take

What believers are saying

  • Raised $141M in Series B, valuing the company at $1.64 billion.
  • Launched AI Agent App Store, enhancing clinician-driven healthcare AI development.
  • Strong market traction with diverse healthcare clients and positive patient response.

What critics are saying

  • Faces competition from Qventus in patient flow automation technology.
  • High valuation may lead to increased scrutiny from investors and stakeholders.
  • CEO's involvement in other ventures could divert focus from core objectives.

What makes Hippocratic AI unique

  • Hippocratic AI's LLMs outperform GPT-4 in 105 of 114 healthcare exams.
  • The company focuses on non-clinical healthcare tasks, ensuring safety and reliability.
  • Hippocratic AI uses Reinforcement Learning with Human Feedback for model validation.

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Growth & Insights and Company News

Headcount

6 month growth

-7%

1 year growth

-8%

2 year growth

-13%
WowTale
Feb 5th, 2025
Hippocratic AI raises $141M funding

In January 2025, global venture investment reached $26 billion, led by healthcare and AI sectors. Hippocratic AI, a California-based healthcare AI developer, raised $141 million. The largest investment was $3 billion in AR startup Infinite Reality. The U.S. dominated with 61% of global investments, while healthcare startups secured $9.4 billion, representing 36% of total investments. AI companies raised $5.7 billion, accounting for 22% of the total.

MedCity News
Jan 14th, 2025
Qventus Snags $105M for Its Patient Flow Automation Tech

In his view, Qventus competes with companies like LeanTass, Hippocratic AI and Epic.

Health Technology Insights
Jan 14th, 2025
Hippocratic AI Launches AI Agent App Store for Healthcare

Hippocratic AI launches AI agent app store for healthcare.

Tech Funding News
Jan 10th, 2025
NVIDIA, A16z-backed Hippocratic AI achieves unicorn status with a $141M round to deploy clinical AI agents in hospitals

Alongside the funding news, Hippocratic AI unveiled its AI Agent App Store-a breakthrough platform for clinician-driven healthcare AI development.

Business Wire
Jan 10th, 2025
Hippocratic AI Completes $141MM Series B Financing Round Led by Kleiner Perkins, Valuing the Company at $1.64B

Strong customer traction, positive patient response, a recently granted patent, and achieving clinical safety drive company expansion

The Daily Pointers
Jan 10th, 2025
Hippocratic AI raises $141M for creating patient-facing AI agents

Hippocratic AI, a startup building AI solutions that can handle non-diagnostic patient-facing tasks, secured a massive $141 million Series B at a valuation of $1.64 billion led by Kleiner Perkins, the company announced Thursday.

PYMNTS
Jan 9th, 2025
Hippocratic Ai Debuts App Store For Health-Focused Agents

Healthcare-focused firm Hippocratic AI debuted an app store for its artificial intelligence agents.The Healthcare AI Agent App Store lets clinicians craft AI agents to bolster patient care and operational efficiency, according to a Thursday (Jan. 9) press release.“Since the founding of Hippocratic AI, we have believed that the best way to build safe and effective AI is through close collaboration with those delivering care,” Hippocratic AI co-founder and CEO Munjal Shah said in the release. “Until now, this collaboration has primarily been with health systems and payors. Today, with the launch of our AI Agent App Store, we are also directly engaging licensed U.S. clinicians to harness the power of AI. We truly believe that clinicians know best.”Creating an AI agent can take less than 30 minutes, per the release

VC News Daily
Jan 9th, 2025
Hippocratic AI Raises $141M Series B

Hippocratic AI announced the completion of its $141 million Series B financing round, valuing the company at $1.64 billion. The round was led by Kleiner Perkins, with participation from existing investors including A16z, General Catalyst, Premji, NVIDIA, SV Angel, Universal Health Services, and WellSpan Health. This funding comes just nine months after their Series A.

Business Wire
Jan 9th, 2025
Hippocratic AI Completes $141MM Series B Financing Round Led by Kleiner Perkins, Valuing the Company at $1.64B

Hippocratic AI completes $141MM series B financing round led by Kleiner Perkins, valuing the company at $1.64B.

Hit Consultant
Nov 20th, 2024
World Class Health Secures $8M To Expand Global Coe & Concierge Health Benefit

What You Should Know:– World Class Health, the largest Global Centers of Excellence (COE) and Concierge Health benefit that provides employees and their families access to the top 1 percent of hospitals and doctors worldwide, today announced an $8M seed round led by AlleyCorp with participation from LifeX, Joyance, Cooley Co, City Light, Vivek Garipalli (Founder and Executive Chairperson of Clover Health), and Munjal Shah (Co-Founder CEO of HippocraticAI.com). – The company’s unique benefit offers top-tier surgical care at a fraction of the cost.Transforming Employer-Sponsored Healthcare: World Class Health’s Innovative Global Solutions World Class Health addresses the cost, quality, and access challenges employers face in providing equitable, high-quality healthcare for a global workforce. Its leadership team, composed of industry veterans, is at the forefront of healthcare innovation: – Sid Nambiar, CEO: Former Director of International Health at Amazon, with over a decade of senior leadership experience. -Dr. Kumar Dharmarajan, Chief Medical Officer: Former Chief Scientific Officer at Clover Health and a professor at Yale University. – Peter Doumas, Chief Revenue Officer: Former Vice President of National Key Accounts at Progyny and Anthem. Challenges in Employer-Provided HealthcareEmployers face significant barriers in healthcare, including: – Cost: US employers spend over $800 billion annually, often paying hospitals nearly three times Medicare rates. This trend contributes to escalating costs, such as a 7.7% increase projected for 2025. Regional price variations exceed 100%, with higher costs leading to deferred employee care, worsening health outcomes, and productivity losses. Employees typically pay 20% co-insurance, amounting to $5,000–$10,000, which results in 40% of employees delaying necessary treatments. – Quality: Clinical outcome data is often inaccessible to employers, leading to variable readmission rates (13.7% median to 20% in lower-performing facilities) and widespread medical errors