Latest news with #TanayTandon
Axios
11 hours ago
- Business
- Axios
Commure raises $200M from GC's marketing fund
Health care AI infrastructure startup Commure raised $200 million in growth financing from General Catalyst's "customer value fund," a vehicle GC created to power companies' sales and marketing budgets. Why it matters: The structure means Commure must tie financing to customer performance rather than equity — a notable move for GC, which poured millions into now-shuttered AI health infrastructure play Olive. What's next: CEO Tanay Tandon expects to see Commure go public in the next two years. Commure is considering a tender offer sometime later this year, per Tandon, who sees it as a good opportunity to consolidate its core investors. The company may also raise another round of capital later this year, Tandon tells Axios Pro. Zoom in: With this funding, Commure is effectively raising against the cashflows of its existing customers. If the marketing campaigns underperform, GC absorbs the loss. Today, Commure has $200 million in live, contracted annual revenue, per Tandon. The company has about six years of runway, and is on track to be cashflow positive by the middle to end of next year, he adds. What he's saying:"Ambient and RCM lines are about 70-75% of our sales and marketing focus," says Tandon. The raise "effectively lets us accelerate our investments in eng[ineering], because it's taken S&M off our balance sheet," he adds. How it works: GC wants Commure to set the blueprint for AI-native infrastructure in U.S. health systems. Reality check: That's an effort the investment firm underwrote previously in Olive AI, the $4 billion hospital-facing automation startup whose technology didn't live up to the promise. While Commure has multiple health tech assets via previous M&A activity — including those of patient navigation startup Memora Health and ambient AI company Augmedix — it's unclear which ones, if any, are consistently profitable. Tandon says Commure's fastest-growing business lines are in revenue cycle, workflow management, and ambient AI. What they're saying: "I see revenue cycle as [Commure's] core revenue engine that allows us to fund other modules that live on top, like ambient [AI] and clinical copilots," Tandon says. Friction point: Commure faces considerable hurdles in the form of dominant electronic medical records giants (EMRs), several of whom are expected to release their own competitive AI tools.
Yahoo
05-02-2025
- Health
- Yahoo
Athelas and Resilient Healthcare to launch programme for hospital billing
US-based Resilient Healthcare has partnered with Athelas, powered by Commure, to transform outpatient care and hospital billing through the launch of a pilot programme. By choosing Athelas as its preferred vendor for revenue cycle management (RCM) and electronic medical records (EMR) solutions, Resilient Healthcare is set to enhance operations for acute and outpatient hospital-at-home programmes. This will contribute to scalability and integration across healthcare systems. The pilot programme will see Athelas providing Ambient AI support, RCM services, and EMR integration with Resilient Community's RAIN AI platform. With its numerous hospital clients, Resilient Healthcare will test the combined technology to demonstrate the benefits of transferring outpatient services and billing processes away from conventional hospital systems. The use of advanced software integration and data exchange is expected to drive care delivery directly to patient homes. Athelas CEO Tanay Tandon said: 'Athelas is thrilled to partner with Resilient Healthcare to expand access to high-quality, innovative technology to provide the best patient care possible. "Together, we empower healthcare providers with the tools they need to effectively deliver health-at-home care for improved patient outcomes and operational efficiency." The partnership between Resilient Healthcare's health-at-home solutions and Athelas' EMR and RCM technologies is structured to support the former's growth into new hospital systems while maintaining consistent service delivery and compliance. Resilient Healthcare CEO Dr Jackleen Samuel-Kloes said: 'We are excited to partner with Athelas to bring innovative, AI-driven solutions to the forefront of patient care. "At Resilient, our mission is to provide proactive, personalised healthcare that improves patient outcomes and enhances the efficiency of care delivery in the home. This partnership with Athelas allows us to leverage cutting-edge technology to support our patients better and empower our healthcare teams to deliver exceptional care." "Athelas and Resilient Healthcare to launch programme for hospital billing" was originally created and published by Hospital Management, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
