BREAKING: Commure Hits a $7 Billion Valuation
Announcing $70M in new funding led by General Catalyst, with Sequoia & Morgan Stanley
Total funding to date: $750M
Interview with CEO Tanay Tandon
@CommureOS is becoming one of the largest AI infrastructure platforms in healthcare:
→ 500+ healthcare organizations
→ 3,000+ sites of care
→ 200M+ patient encounters annually
→ Tens of billions (!!) in annual claims processed
→ 85%+ of revenue cycle work completed autonomously
→ ARR doubled 3 years in a row
→ 1,200 employees globally
Commure says its AI agents are automating documentation, coding, billing, denials, appeals, scheduling, & revenue cycle workflows across hospitals & physician groups.
P.S. Tanay (@tanay_tandon) started the company at 18.
“Point solutions are going to d*e.”
@sequoia@Alfred_Lin@generalcatalyst@htaneja
𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒
(00:00) Tanay Tandon, Co-Founder & CEO, Commure
(01:03) The $70M R&D Sprint
(03:45) Rockefeller's funding playbook beats dilutive VC
(05:42) Tokens killing SaaS margins
(07:14) Going public is the plan
(07:40) Automating healthcare’s back office
(11:02) Scaling Commure’s engine
(11:49) Partnering with Epic
(13:06) Why healthcare point solutions will be d*ad in 3 years?
(16:42) Learnings from the AWS-CIA deal
(19:13) Going to zero rollouts overnight
(22:23) Nuking malpractice premiums with AI
(23:52) Winning HCA’s trust
(26:27) Saving burned out doctors
(28:24) Buying a bankrupt hospital
(32:30) Ending healthcare interop
(35:41) The viral hiring email ft. Alfred Lin
(38:23) Acquiring for distribution
(45:13) Free blood samples?
(47:19) The Stanford hacker who became an enterprise sales rep
(48:21) The cargo shorts fiasco
(53:57) American healthcare isn't broken
(55:28) The agentic healthcare takeover
Athelas has raised $70M at a $7B valuation, led by @generalcatalyst , with participation from @sequoia , @MorganStanley , and @Kirkland_Ellis
Healthcare administration costs this country $1 trillion every year. That burden falls hardest on independent practices and the physicians working to build something of their own.
This investment accelerates what we have always been built to do: turn complex administrative work into simple, intelligent software. More specialties served. More time back for your team. More revenue staying where it belongs. https://t.co/0cp7SJ82VC
“Our ability to optimize what they’re currently doing… will really help to drive change and growth for Rock Valley.”
Watch Jonathan Thomson share how Athelas Commure is helping @RockValleyPT modernize workflows, streamline documentation, and accelerate growth with an AI-enabled EMR and RCM experience built for PTs: https://t.co/4QlQJOstkl
#Athelas #AthelasAir #PhysicalTherapy #HealthcareInnovation #PrivatePractice
🎙️ A cannot-miss podcast episode dropped today: @htaneja CEO of @generalcatalyst sits down with @CommureOS + @athelas leaders CEO Tanay Tandon and CBO Hersh Solanki.
On this episode of Taking Back Healthcare Hemant discusses why healthcare needs a complete reinvention—not just incremental change.
He shares the story behind founding Commure, reflects on the importance of aligning business models with better care outcomes, and how venture capital can be a force for systemic health equity.
💻 Watch on YouTube: https://t.co/FXEH2bUimM
🎧 Listen on Apple: https://t.co/8EaoJsBygS
🎧 Listen on Spotify: https://t.co/qOII5M1uMN
In the last few years @CommureOS has become one of the most used products in healthcare: $5B+ payment volume, 4 million annual ambient AI appts, 100mm annual patient messages, 500k providers, at 50 of America’s top health systems.
Today we launch our new brand: https://t.co/zPhBGQbWRa
Apple: “Our goal is to always celebrate the myriad of ways users express themselves and bring their ideas to life through iPad. We missed the mark with this video, and we’re sorry.” It also won’t air the ad on TV. https://t.co/nChuMrMjQd
Heading to #RSNA2023 on 11/26-30 in Chicago? Stop by Dr. Jay Pahade's presentation to learn how Yale Radiology and Biomedical Imaging reduced breast cancer screening no shows while driving an impressive patient engagement rate with Commure Engage: https://t.co/dRcwG52lml
The countdown is on for the #QuartertimeShow. It’s going to be better, faster, and more Quartertime-y than anything ever, all thanks to me…and @Gopuff. Tune in here on Sunday directly after the first quarter of the big game. #ad
JUST DROPPED: @MrBeast@Feastables Chocolate Bars. Inside every bar is a mystery ticket to win 🔥 prizes — order before they're gone: https://t.co/aKtfyQtgb9
It's been a busy couple months at @ridespin. Take a look at our July newsletter for updates and the general mobility trends and discussions we're keeping tabs on. https://t.co/4QHKtJ8fLr
The Ford-owned electric scooter-sharing company @ridespin is eyeing a post-pandemic revival with its new high-tech two-wheeler.
@EdLudlow takes the S-100T for a ride