Element5
Latest round
- Series B
Last raised
- May 2022
Total raised
- $45M
Investors
- 2
About Element5
Element5, Inc.Founded in 2019 in San Jose, US, Element5, Inc. specializes in automating administrative tasks in healthcare, particularly around eligibility verification and revenue cycle management. The founders include Bhavani Raman, Eric Gordon, and Joe Randesi, with Joe Randesi serving as the CEO.Element5 specializes in delivering an Intelligent Post-acute Workflow Automation Platform, primarily focused on automating eligibility verification, authorization processes, and revenue cycle management (RCM). Their flagship product, Neos, leverages agentic automation technology to streamline administrative tasks across a connected network. This solution aims to alleviate the administrative burdens often faced in healthcare settings, enabling organizations to enhance operational efficiencies and reallocate staff resources towards more complex tasks. Element5's client base includes healthcare providers such as home health agencies and infusion services, with notable references from industry leaders like GHG and VNA Health Group who have successfully implemented their solutions.Element5 generates revenue through a fully managed automation platform that operates on a subscription-based model tailored for B2B partnerships with healthcare organizations. The transactions typically involve clients subscribing to Element5’s services, which include automated eligibility verification and denial management, among other features. These services are designed to optimize cash flow and reduce administrative overhead for clients, providing a clear value proposition that facilitates retention and long-term partnerships.00 mn, the company plans to utilize this capital to accelerate the development of automation solutions across various service lines. Future growth strategies include launching new products designed to expand their automation capabilities and exploring opportunities in additional geographic markets beyond North America, although specific regions have not yet been disclosed. These initiatives are aimed at improving Element5’s service offerings and expanding its client base in the healthcare sector.
Who invested in Element5
2 investors across 2 rounds
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Questions about Element5
Who invested in Element5?
Element5 has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Element5 raised?
Element5 has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Element5 last raise money?
Element5's most recent round on record is a Series B, in May 2022.
What does Element5 do?
Element5 is a healthcare it company.
Where is Element5 headquartered?
Element5 is headquartered in San Jose, US.
Which VCs invest in companies like Element5?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back healthcare it companies at Element5's stage. Their profiles are linked below.
VCs backing healthcare it startups at Series B
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