Milu Health, an AI-powered health tech provider that works to make healthcare affordable for employees and employers, has secured $4.8m in its Seed funding round.
The round was led by venture capital company Andreessen Horowitz’s (or a16z) Bio + Health fund. It was joined by other investors, including BoxGroup, PagsGroup, and 81 Collection.
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Milu, established in 2023 by Sasha Gribov and Gautam Kumar, offers a platform that can integrate directly with patient health records, identifying opportunities for accessing healthcare at more affordable prices.
The company plans to utilise the fresh capital injection to further develop its technology platform and expand existing operations.
According to Milu, when patients link their health records to Milu’s platform, the company’s technology, supported by a nursing team, proactively assists patients in finding better quality and value healthcare.
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This includes locating fairly priced and high-quality doctors, challenging incorrect medical bills, and accessing more affordable medications.
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By GlobalDataFurthermore, Milu’s system ingests details about the employer’s healthcare plan, ensuring employees are notified of beneficial services, such as chronic condition management or digital health applications.
The company said that over the past year, it has integrated electronic health record (EHR) data from more than 40,000 provider groups and health systems, enabling the platform to send notifications to patients well in advance as they make critical care decisions.
Besides, Milu forged partnerships with over a dozen employers to broaden employee access to its AI-driven health savings platform.
Gautam Kumar said: “There are so many cracks in our health system that millions of patients fall through, leading to an exponential rise in their healthcare costs—oftentimes just for routine doctor visits, necessary medications, or other procedures.
“At Milu, we built our technology and patient engagement platform to catch these patients and find ways to save them costs in as many ways possible throughout the entirety of their healthcare journey.”
Gribov added: “Through leveraging EHR data, our platform provides cost savings support to patients in real-time, right after they see their doctor.”
