Health data analytics platform Covera Health lands $25M in Series C funding

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Covera Health, a healthcare data analytics platform focused on reducing medical errors, raised $25 million in Series C funding.

The round was led by Insight Partners, a venture capital and private equity firm. Existing investors including Equity Group Investments participated in the round as well.

WHAT IT DOES

Covera uses data science and AI to improve quality and outcomes, particularly focusing on diagnostics.

The company partners with providers to give them insight on reducing errors, and it works with payers to avoid unnecessary care and promote value-based payment. Its first product using their data platform, the Radiology Centers of Excellence, is used by employers and health plans to steer patients toward the highest-quality radiology providers for their specific needs.

“An accurate radiology diagnosis is an essential ingredient in effective downstream medical care across domains as varied as heart disease, cancer, chronic pain and musculoskeletal disorders,” Lonne Jaffe, managing director at Insight Partners, said in a statement.