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
@mcuban@mcuban couldnt agree more, check out commure were the good guys lowering costs with e2e software for this and getting most < 3% . Coming from traditional tech like you, it’s wild to see where the leverage is (sadly it’s not with those doing all the work)
@LaJollaAztec@jdwicker@BeMoose@PrezdelaTorre Purely an apples to orange comparison. You gotta compare similar sections and resale to resale or non to non.
Game yesterday was a great atmosphere and Ucla prob a hot ticket. Looks like no one wants to go to the others games and they’re all resale.
@BlueInNC16@LacrosseNetwork He shook his hand and quickly walked away. I don’t think there is anything classless about that but if you disagree I guess you need to put the famous UM coaches the same boat
https://t.co/WBvoRIurmR