PriorAuthNow, a real-time prior authorisation network for providers and payors, has secured USD25 million in a funding round led by New York-based global venture capital and private equity firm Insight Partners.
This latest investment brings PriorAuthNow’s total funding to more than USD57 million.
With this newest funding, PriorAuthNow will further expand its network to reach both providers and payors looking to streamline the prior authorisation process. Additionally, the funding will be used to expand the team to meet a growing market demand. The company manages USD61 billion in Provider Net Patient Revenue and has grown over 300 per cent in the past year.
In addition to Insight Partners, Panoramic Ventures and Health 2047 were also part of this latest fundraise.