Tennr Analysis: $37M Raised
What is Tennr?
Tennr builds a patient orchestration platform for healthcare providers managing referrals, authorizations, eligibility checks, and scheduling. The company says its system processes over 10 million documents monthly and uses AI and workflow orchestration to handle pre-visit patient processing. Tennr also states it was founded by Stanford researchers working on AI and LLMs, and it positions its product around policy-grade decisioning and patient flow at scale.
Location
345 W Houston St, Floor 4, New York, NY 10014, US
Employees
201-500
Founded
2021
Revenue
$3-5M
Investors
- Andreessen Horowitz (a16z)
- Foundation Capital
- Lightspeed Ventures
Product Features & Capabilities
- RaeLM™ document reasoning model, intelligent automation platform, classify and route documents, automate patient intake, request missing information, determine eligibility, seek prior authorization, approve submissions, streamline communications, reduce first-time denials, improve processing speed.
Pricing
- Subscription-Based Model: Tennr offers tailored pricing based on the scale and specific needs of healthcare facilities.
- Custom Quotes: Pricing is provided on a case-by-case basis to ensure that each healthcare provider gets the most value from their investment.
- Base platform price with variable pricing based on configurable implementation.
How much Tennr raised
Series B - $37 million
October 22, 2024Lead Investor: Lightspeed Ventures, a16z, Foundation Capital
Who are the founders of Tennr
HQ Full Address
345 W Houston St, Floor 4, New York, NY 10014, US
Competitors Overview
Tennr's main competitors in the healthcare automation market include:
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Carepatron: Recognized as the best overall alternative, Carepatron offers a comprehensive healthcare workspace for managing clients, appointments, and payments. It is designed to streamline operations for healthcare providers.
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Tebra (formerly Kareo + PatientPop): Tebra provides affordable, cloud-based solutions aimed at freeing up doctors for patient care. Its focus on user-friendly interfaces and integration with existing systems is a notable advantage.
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Pabau: This platform is known for its complete practice management capabilities, suitable for various sizes of healthcare practices. Pabau emphasizes customization and scalability.
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NextGen Healthcare EHR: Focused on transforming ambulatory care, NextGen offers smart electronic health record solutions that enhance patient care and operational efficiency.
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Axxess Home Health: Axxess provides a fully integrated web-based home care system, which is particularly advantageous for home health agencies looking for comprehensive management solutions.
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Wisedocs: An AI-powered platform that automates the organization and analysis of medical records, particularly useful for insurance and legal evaluations.
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Athelas: Offers a cloud-based healthcare platform that combines revenue cycle management with ambient AI documentation, providing a comprehensive approach to healthcare operations.
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Handl: Specializes in intelligent document processing, automating document classification and data extraction, which reduces manual effort and errors.
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TORTUS: Integrates with EHR systems to automate clinical workflows, saving clinicians time by transcribing conversations and drafting notes.
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Physician UX: Focuses on reducing charting time for healthcare professionals, enhancing patient interaction time through automated SOAP notes transcription.
These competitors highlight various strengths, such as specialized automation for specific healthcare functions, integration capabilities, and unique pricing models, which may cater to different needs within the healthcare documentation space.
Market Focus
Tennr primarily focuses on the healthcare industry, providing an intelligent automation platform designed to streamline operations, reduce paperwork, and enhance patient access to care.
Business Model
Charges a basic fee for platform access, plus fees per document processed.
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