Amino Health Secures $10 Million in Funding Round Led by Transformation Capital to Advance Product Investments in AI Care Journeys
May 22 2024 - 8:00AM
Business Wire
Amino Health, the leading digital healthcare navigation company,
today announced a $10 million funding round led by Transformation
Capital. The funds will be used to accelerate Amino’s AI product
roadmap to build personalized patient care journeys. This latest
capital infusion follows a $30M investment by Transformation
Capital in May of 2023.
Amino Health’s care navigation platform simplifies the
complexity of healthcare by recommending high quality healthcare
providers based on objective, proprietary clinical data. Amino is
the only platform that can incorporate the complexity of modern
employer benefit programs.
Today, employers are faced with rising healthcare costs, complex
benefit plans, and low utilization of specialized solution
providers. Meanwhile employees struggle to know what is covered by
their health insurance, and how to access programs available to
them. Amino solves the complexity of modern healthcare plans by
creating a simple consumer interface that routes more than 10K
medical topics to the best provider, facility, or employer
program.
Amino’s AI investments will further improve the user experience
by offering personalized care recommendations based on a user’s
unique care journey. In the last year alone, Amino’s Product and
Clinical teams have seen the benefits of leveraging AI to generate
thousands of new care topics. These new topics benefit a wider
range of users and care needs, including expanded primary care,
women’s health, LGBTQ+ health, more complex diseases, and
specialized care for all stages of life, such as pediatric and
geriatric care.
"We believe Amino Health is poised to make a transformative
impact in the healthcare landscape through its innovative AI-driven
approach to care navigation," said Mike Dixon, Managing Partner at
Transformation Capital. "We are excited to further invest in Amino
Health, and accelerate their journey to revolutionize healthcare
delivery and drive meaningful improvements in cost savings and
member engagement."
"This investment underscores the confidence placed in our vision
to harness the power of AI to revolutionize healthcare. With this
infusion of capital, we are poised to strengthen our AI
capabilities, expand our team, and drive innovation that will shape
the future of patient-centered care," said John Asalone, Amino’s
CEO.
For more information about Amino Health and its AI-powered
healthcare solutions, please visit
https://partners.amino.com/press.
About Amino Health
Amino Health, the leading data-driven healthcare guidance
platform, connects people with high-quality, cost-effective
providers and benefits programs in context across the healthcare
ecosystem. With more than 30B healthcare claims used to inform our
actionable healthcare recommendations, Amino Health reduces
wasteful claims spending, streamlines care routing, increases care
quality, and improves care outcomes for plan sponsors and members.
To learn more, visit amino.com.
About Transformation Capital
Transformation Capital is a digital health growth equity firm
dedicated to supporting commercial stage companies focused on
improving people’s health and the sustainability of the healthcare
system. The firm was founded on the premise that investing in
healthcare requires both a sophisticated understanding of the
healthcare system, including the prevailing market forces and
resulting opportunities, as well as deep connections with decision
makers across key providers, payers and digital health innovators.
Transformation Capital has invested in digital health companies
across the ecosystem, including Datavant, Apree, Capital RX, Health
Catalyst, Sword, Grow, Jeenie and Groups.
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version on businesswire.com: https://www.businesswire.com/news/home/20240522097652/en/
Media Contact for Amino Health Lyndsey Steinbock
lsteinbock@amino.com
Media Contact for Transformation Capital Melanie Albanese
melanie@transformcap.com