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Qualified Health, a public benefit company providing AI evaluation and implementation in healthcare, announced a $125 million Series B raise led by New Enterprise Associates.
New investors Transformation Capital, GreatPoint Ventures, Cathay Innovation, Anthropic and Menlo Ventures' Anthology fund participated in the round, alongside existing investors SignalFire, Frist Cressey Ventures, Flare Capital Partners, Healthier Capital, Town Hall Ventures and Intermountain Ventures.
Mohamad Makhzoumi, co-CEO of NEA, will join Qualified Health's board of directors.
WHAT IT DOES
The Qualified Health platform provides health organizations with the infrastructure to deploy and scale generative AI, including governance frameworks, post-deployment monitoring and role-based access controls.
The platform also includes a risk alert system, data privacy protections designed to mitigate AI hallucinations, and a healthcare-focused AI agent creation tool to automate administrative workflows.
The funding will be used to enhance its platform and accelerate the deployment of its enterprise offering across health systems.
"This next phase is about deepening those partnerships, scaling responsibly and proving that AI can deliver better patient outcomes, stronger financial sustainability and meaningful relief for the clinicians who carry this system on their backs," Justin Norden, CEO and co-founder of Qualified Health, said in a statement.
"The health systems we serve are not just looking for incremental improvement. They're looking to fundamentally transform how care is delivered, and we're honored to be their partner in that work."
MARKET SNAPSHOT
Qualified Health launched last year with $30 million in seed funding.
In early January, the company announced a partnership with the University of Texas System's health institutions to deploy genAI into care delivery, research environments and across operations.
The collaboration was anchored in the University of Texas Research, Engineering and Application Laboratory for Healthcare Artificial Intelligence (UT REAL Health AI) initiative.
Later that month, Qualified Health and Anthropic announced a partnership to launch AI across the University of Texas System (UT System). Qualified Health's AI, powered by Anthropic's Claude, would be deployed across the UT System to identify, evaluate and provide access to patients who may need a certain level of care.
Qualified also announced a collaboration with health system Jefferson Health to develop and deploy genAI across its multi-state network to support clinicians and improve patient care.
