# Janus Health Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/janus-health-technologies

- Industry: Software
- Headquarters: Chicago, US
- Website: www.janus-ai.com
- Total disclosed funding: $53M
- Latest round: Series B (Feb 28, 2023)
- Investors on record: 3

## About

Janus Health Technologies, Inc. specializes in delivering innovative Revenue Cycle Management solutions for healthcare organizations, enhancing operational efficiency through advanced data-driven tools and intelligent automation.Founded in 2020, Janus Health Technologies, Inc. is based in Chicago, US, focusing on Revenue Cycle Management (RCM) solutions. The company has completed a total of 2 deals, with the most recent funding round being a Series B in February 2023, where they raised USD 45.10 mn from Enhanced Equity Funds, bringing their total amount raised to USD 45.10 mn. Brendan Downing serves as the CEO, leading the company in its strategic initiatives.Janus Health specializes in advanced Revenue Cycle Management (RCM) solutions designed to optimize healthcare organizations' operations. Their core offerings include Operational Intelligence and Intelligent Automations that streamline processes such as claims management, prior authorization, and denial handling. These tools are engineered to enhance workflow efficiency, improve data accuracy, and reduce manual tasks. By leveraging machine learning and data science, Janus Health's products provide actionable insights that empower healthcare teams to operate at peak performance, ultimately aiming to boost revenue and improve patient experiences. The primary clientele consists of healthcare systems and organizations across the United States, as well as potential international markets, where they seek to address common revenue cycle challenges.Janus Health generates revenue through a subscription model that facilitates access to its RCM solutions, including flagship products like Teleport and prior authorization software that integrates with electronic health records (EHR). Clients enter into partnerships with the company, typically involving a structured agreement that outlines service levels and performance expectations. The revenue model is B2B, targeting healthcare organizations that require innovative solutions to enhance their revenue cycle efficiency. Revenue is derived from these ongoing subscriptions, which allow clients to utilize Janus Health's automation tools and operational insights, ultimately leading to cost savings and increased capacity within their teams. This transactional structure supports a sustainable business ecosystem focused on delivering value to healthcare providers.In February 2023, Janus Health Technologies, Inc. raised USD 45.10 mn in Series B funding from Enhanced Equity Funds, which will be utilized to expand its business operation. The company is focused on developing new products aimed at enhancing its RCM solutions, with plans to penetrate additional markets, including potential international regions. Specific timelines for product launches and market entry strategies are expected to be detailed as the company progresses with its expansion initiatives.

## Funding rounds

- Series B, Feb 28, 2023, $45M — Enhanced Equity Funds
- Series A, Dec 14, 2021, $8M — Ensemble Health Partners, Inc., Caduceus Capital Partners

## Investors

- Ensemble Health Partners, Inc. — Series A
- Caduceus Capital Partners (https://capitalatlas.ai/funds/caduceus-capital-partners) — Series A
- Enhanced Equity Funds (https://capitalatlas.ai/funds/enhanced-equity-funds) — Series B