Commure has raised $70 mn in financing at a $7 bn post-money valuation. General Catalyst led the round, with participation from Sequoia Capital, Morgan Stanley, and Kirkland & Ellis.
The company builds AI tools for healthcare providers and administrators. Its platform targets administrative work, one of the largest cost centers in healthcare.
Commure said administrative work costs about $1 tn a year in the U.S. alone. The company uses AI agents and workflow automation to handle tasks across revenue cycle management, clinical operations, and practice administration.
The platform is used by more than 500 healthcare organizations across over 3,000 sites of care. It is embedded in daily workflows for tens of thousands of physicians.
More than 130 large U.S. health systems use Commure, including HCA Healthcare and Tenet Healthcare. Thousands of physician-owned practices also use the platform.
Commure’s end-to-end revenue cycle management system processes tens of bn of dollars in annual payments. The company said more than 85% of that work is completed without human intervention.
Its Ambient AI suite includes Autonomous Coding and Clinical Intelligence. The tools support tens of mn of appointments each year.
CEO Tanay Tandon said healthcare spent decades expecting software to fix administrative work. He said older software could not complete the calls, notes, codes, claims, denials, and appeals that dominate healthcare operations.
Tandon said AI can now perform that work across specialty clinics and major health systems. The new funding will help Commure meet demand for broader deployment.
For thirty years, healthcare was told software would fix administrative work. It didn’t, because software could not actually do the work: the calls, the notes, the codes, the claims, the denials, and the appeals. AI can. We are already performing this work, from specialty clinics to the country’s largest health systems. With this round, we can meet the demand to run it everywhere.
Tanay Tandon, CEO of Commure
Commure plans to scale its revenue cycle and practice management platform across specialty practices, hospitals, and integrated delivery networks. The company wants to replace older combinations of BPO services, billing vendors, and rules-based software.
The funding will also support development of Commure’s shared intelligence layer. That system sits under its workflows and is designed to handle payer rules, specialty coding, denial patterns, and clinical context.
Commure also plans to expand its AI infrastructure into global healthcare markets. The company said providers worldwide face similar pressure from higher demand, workforce shortages, administrative burden, and the need for more efficient clinical and financial operations.
General Catalyst CEO Hemant Taneja said healthcare is one of the largest sectors of the global economy and one of the most important to rebuild with AI. He said Commure is using systems of agents to complete administrative and clinical work rather than adding AI as a feature.
Commure and its subsidiary Athelas deliver AI across the front, middle, and back of the revenue cycle. The company says its tools reduce administrative burden while giving clinicians more time for patient care.
Commure integrates with more than 60 electronic health record systems. Its forward deployed engineering teams work with clinicians and administrators to improve margins, reduce workload, and support patient engagement.
Athelas provides AI-native healthcare infrastructure focused on revenue cycle management, ambient AI, and FDA-cleared AI-powered diagnostics.
