Dec 19
2024
Confido Well being Secures $3M for AI-Powered Digital Staff In Healthcare
Collectively Fund led the seed funding spherical, with participation from MedMountain Ventures, Insurrection VC, DeVC, Operators Studio and strategic healthcare operators. The corporate beforehand raised a pre-seed spherical led by Momentum Capital.
Based by serial entrepreneurs Chetan Reddy and Vichar Shroff, Confido Well being represents the end result of their experience in AI-driven automation. The founders’ journey started with profitable a prestigious Lockheed Martin grant for revolutionary expertise, resulting in their first enterprise, DroneNation. This AI infrastructure mapping firm operated throughout India, Australia, and US markets, incomes recognition in The New York Occasions earlier than its profitable acquisition. Now with Confido Well being, they’re joined by Simran Parikh, who brings in depth authorities healthcare division experience to the group.
“When constructing Confido Well being, we targeted on what healthcare suppliers actually want: instruments that don’t simply automate duties however tackle the operational burden completely,” stated Chetan Reddy, CEO of Confido Well being. “Our digital employees are designed to combine seamlessly with legacy programs like EHRs, IVRs, and even outdated communication instruments. By automating and optimizing total workflows, we’re not simply saving time; we’re serving to enterprises recuperate misplaced income and create sustainable development.”
Confido Well being’s platform creates specialised AI employees that deal with particular duties like appointment administration, insurance coverage verification, and care coordination. These digital employees connect with current healthcare programs in underneath 5 minutes by way of no-code deployment, delivering end-to-end activity automation with out requiring practices to overtake their infrastructure. In contrast to conventional software program corporations, Confido Well being prices on an hourly foundation much like full-time workers, eliminating integration and coaching charges.
“Confido Well being’s digital workforce represents a end result of years of analysis, design, and improvement, addressing one of the urgent challenges in healthcare as we speak: operational inefficiencies that hinder affected person care,” stated Vichar Shroff, Co-Founder and Chief Product Officer at Confido Well being. “What units us aside is our potential to create AI options that seamlessly combine with legacy programs, turning fragmented and unstructured information into actionable workflows in actual time. It is a transformative innovation that not solely optimizes operational processes however basically enhances affected person outcomes. This innovation not solely frees up clinicians to concentrate on affected person care but additionally units a brand new normal for effectivity and reliability in healthcare operations.”
The platform processes unstructured information throughout a number of programs in a HIPAA-compliant method, enabling real-time activity completion. Validated on real-world information fairly than public datasets, Confido’s digital employees can have interaction with sufferers in a number of languages and deal with a number of duties concurrently—even throughout off-hours. Early deployments present prospects reaching thrice greater affected person encounters, with employees finishing extra duties whereas experiencing diminished workload.
The platform’s improvement was knowledgeable by a whole lot of interviews with US healthcare suppliers, from massive programs to small rural practices. The corporate’s most important deployment is with a nephrology group observe with round 50 areas, the place AI-driven employees have turn into as integral as human employees. Initially seen as a possible risk, after only one month employees acknowledged the AI options had been designed to make their lives simpler, not substitute them.
One massive renal group has practically freed their nurses and medical assistants from patient-facing duties, with employees solely intervening for AI-triaged calls. Equally, a surgical procedure middle consumer that beforehand made a number of affected person calls over a number of days has diminished name frequency by 60%. Throughout deployments, 95% of sufferers report improved experiences.
“Affected person coordination is usually neglected, however Confido Well being’s workflows have reworked our strategy by proactively speaking with sufferers, making certain they really feel cared for, listened to, and understood,” stated Jacob Zitterkopf DDS MSD, proprietor of a multi-location dental observe in Colorado. “This not solely improves our clinic’s effectivity and communication but additionally enhances the general affected person expertise.”
“Confido Well being is redefining the operational spine of specialty healthcare with its AI-powered digital workforce,” stated Shubham Gupta, Co-Founder and Common Associate at Collectively Fund. “By constructing healthcare AI Brokers to sort out complicated administrative workflows and ship tangible outcomes, they’re poised to resolve the workforce shortages and price pressures, and turn into the important infrastructure for contemporary healthcare operations.”
Jane Wang, hospitalist at Stanford, Investor at MedMountain Ventures added “Supplier staffing shortages are at an all-time excessive,
fueled by burnout, declining reimbursement, and elevated calls for on the system. Confido’s resolution alleviates the burden of shortages of nursing and allied well being skilled personnel and permits scientific practices to proceed serving sufferers in want that may in any other case not obtain care as a result of lack of scheduling, follow-up, or schooling”.
Already serving 15+ prospects throughout greater than 50 areas and reaching 50,000+ sufferers month-to-month, the corporate will use this funding to boost its AI expertise and broaden throughout surgical procedure, orthopedics, dental, renal, and pediatric specialties.
“The healthcare system desperately wants innovation to lift productiveness, improve employees expertise, and enhance responsiveness to sufferers’ wants. Confido Well being is positioned to revolutionize operations in specialty healthcare practices by way of its digital AI employees that may autonomously handle workflows, telephone calls, and different interactions with sufferers” added Jukka Alanen, managing companion, Insurrection Ventures.
Confido Well being envisions a future the place healthcare suppliers focus solely on affected person care, whereas digital employees deal with all operational duties. By eliminating administrative inefficiencies by way of AI that adapts to real-world complexities, the corporate is constructing a brand new normal for healthcare operations – one which delivers each sustainable development and enhanced affected person experiences.