Check that Dr. Mark Michalski’s CEO, training radiologist, loved practicing medicine. But the administrative expenses he faced as a clinician finally led him to stop seeing the patients.
This is the very problem that Michalski wants to solve at Sierevel, a health care startup that collaborates with the Top New York Health System Northwell Health to relieve clinicians of these administrative charges using AI.
“It is so difficult to provide care in a scalable way that satisfies providers and significant for patients,” said Michalski. “I don’t want to pass the stick to the next generation [of clinicians] With the same story. “”
In its efforts to modify this story with AI, if we have just raised $ 10 million in series A series financing, managed by the investment company Deerfield Management with the participation of Northwell Health.
The startup was launched in 2022 from the startup studio based in New York, Aegis Ventures, in partnership with Northwell Health. Its AI agent platform helps hospitals to fight against a wide range of administrative tasks, from clinical documentation to prior authorization to compliance management.
Michalski joined Weecer in 2023 from Amazon, where he worked on Amazon Web Services life affairs and health care brands of Amazon, from the One Medical primary care chain to Amazon Pharmacy. There, he saw how new AI technologies could be extremely useful for automating administrative tasks by heart of brands – and, soon, could be revolutionary for clinical care.
“While I was in Amazon, there was proof of early concept that AI agents were going to be very effective for mini health care, in which industry drowns,” he said. “I came to check with this thesis, and we have reasted the business around it.”
Sinest launched its AI agent platform as a co-pilot for case managers, who are generally nurses who coordinate patient care, payments and hospital landfills.
Supporting is one of the many startups that gain ground to combat administrative tasks of health care with AI. Some have already collected dozens or even hundreds of millions of dollars in VC, such as General Catalyst supported Hippocrates AiWho raised $ 141 million in January with an assessment of $ 1.64 billion for its AI agents to help suppliers automate certain patient -oriented tasks.
Michalski has said that determination has intentionally changed more slowly, improving its technology in the past two years according to the needs of Northwell Health. Northwell Health treats approximately 2 million patients each year, more than any other New York health system, volumes that would leave any hospital surpassing with administrative tasks.
“It is almost impossible to solve these problems in a large health system like Northwell without a really intimate partnership from the start,” said Michalski.
He said the emphasis on a consultation on case managers also distinguishes the startup. “For the life of me, I do not understand why people do not look at case managers. They are the link of so many things-denial rates, length of stay, patient satisfaction,” he said.
The next phase of Sitistred customers will come from its series a main investor, Deerfield Management, where Michalski will now be also director of information. Deerfield’s portfolio includes a number of health care provision companies that will ensure that they will soon be sold, said Michalski.
Dr. Julian Harris, an operational partner of Deerfield, said that he saw many opportunities to determine to improve the workflows of company portfolio companies, as well as to connect with hospitals and health systems with which Deerfield has previously associated, co-invest with or who are limited partners in the Deerfield Fund.
Deerfield also has relations with health plans, said Harris, which could help determine the expansion of long -term paid contracts. “But outside the door, the opportunities for the health system are massive,” he said.
Here is the 10 -sliding pitch game of the perception used for 10 million dollars from Deerfield.