Midstream Health, an AI-powered healthcare finance company, has closed a $20 million funding round to expand its platform that helps hospitals identify and recover missed or unpaid claims.
The company's technology automates the process of finding revenue leaks in hospital billing systems, allowing healthcare providers to recapture money that would otherwise go uncollected. This addresses a widespread problem in the healthcare industry where administrative inefficiencies and billing errors result in significant lost revenue.
The funding will support product development and go-to-market efforts as Midstream scales across more healthcare systems.
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