Coral Raises $12.5 Million To Automate Healthcare Administration
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Coral, a healthcare automation startup, has raised $12.5 million in seed funding to automate administrative workflows. The company's AI platform automates fax-based workflows, achieving 99.7% accuracy and significantly improving patient intake times.
Coral, a startup founded in 2024, has secured $12.5 million in seed funding led by Lightspeed and Z47 to address inefficiencies in healthcare administration. The company's AI platform automates workflows related to patient intake, prior authorisation, and communication, achieving 99.7% accuracy in processing documents. Coral's technology integrates with existing healthcare systems, including EHR systems and fax lines, without requiring providers to change their workflows. Patient intake times have improved significantly, with tasks that once took 30 minutes now taking under five minutes. The new funding will support hiring and product development, including the introduction of AI voice and text tools for follow-ups and a workflow builder for healthcare providers. Coral has seen strong adoption across multiple healthcare providers, with customers reporting faster turnaround times and improved operational efficiency.
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