Healthcare operational intelligence company ArcheHealth has raised $6.7m in seed funding for the launch of an AI-powered platform.
The platform will help lessen healthcare costs and enhance operational performance in hospitals.
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The round was funded by Martin Ventures, LRVHealth, and Texas Health Resources.
ArcheHealth’s platform uses AI to offer hospitals insights into the actual costs of delivering care at the patient level.
By analysing de-identified data across clinical, financial, and operational domains, the platform identifies inefficiencies, aiming to reduce expenses in areas such as labour, supplies, and medication.
CEO Ralph Keiser, who brings experience in healthcare IT, leads ArcheHealth.
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By GlobalDataKeiser said: “Hospitals today are under pressure from rising labour and supply costs and shrinking margins that compromise operational quality; the rate of change isn’t fast enough.
“ArcheHealth delivers operational intelligence faster, empowering hospitals to cut costs, optimise resource utilisation, and elevate patient care, all without disrupting existing systems.”
The platform’s approach not only identifies cost-saving opportunities but also supports hospitals in transitioning from reactive to proactive performance management. This shift is essential for sustainable margin growth.
With the new funding, ArcheHealth plans to expand its operations and further develop its AI technology.
LRVHealth managing partner Keith Figlioli said: “The healthcare industry’s traditional approach to cost management has been largely retrospective, resulting in missed opportunities and limited impact.
“This remains an omnipresent challenge across our network, where executives are under constant pressure to reduce costs but lack the tools to generate timely, actionable insights into what’s driving them.
“I’ve worked with Ralph for more than two decades, and I’m confident that ArcheHealth’s combination of deep domain expertise and purpose-built technology can help health systems finally make meaningful progress on long-standing cost-containment and performance improvement goals.”
