Reveleer secures USD 65M in financing to drive strategic expansion

Reveleer announced it has raised over $65 million in new capital in a financing round led by Hercules Capital, Inc.

“This funding will have a tremendous impact as it positions us to strategically pursue inorganic growth opportunities in value-based-care technology, accelerating innovation and enhancing patient care through healthcare AI technology,” said Jay Ackerman, CEO and President at Reveleer. “With this infusion of capital, we can swiftly seize market opportunities and further our mission. We are excited to have Hercules Capital, Inc. as a new financial partner.”

“We are enthusiastic about the opportunities automation has unlocked for value-based care models nationwide,” said Andrew Adams, Co-Founder and Managing Partner at Oak HC/FT. “Reveleer has a demonstrated track record of growth across its operations, consistently delivering improved clinical outcomes for its growing roster of payer and provider clients, and we look forward to our continued partnership.”

“Backing Reveleer’s growth trajectory is crucial as the company tackles significant challenges for payers and providers, including handling the influx of clinical data, optimizing workflow efficiency, and bridging care gaps,” noted Tom Hertzberg, Managing Director at Hercules Capital, Inc.

The acquisition of Dynamic Healthcare Systems in 2022 expanded Reveleer’s integrated workflow platform, now incorporating member management, revenue optimization, and HCC Analytics. In 2023, Reveleer acquired MDPortals, a leading prospective risk platform enabling payers and providers to close care gaps at the point of care, improving health outcomes.
MB Bureau