Adaptive Innovations, an AI-native healthcare provider focused on home health, announced that it has raised a total of $60 million in funding, including a $50 million Series A round and a previously raised $10 million Seed round. The financing was led by Felicis and Bain Capital Ventures, with participation from Optum Ventures, Sunflower Capital, Conviction, BoxGroup, SV Angels, Dorm Room Fund, Constellation, and a group of healthcare services and AI industry angels.
Founded by Alex Wendland, Logan Stinson, Ryan Tolsma, and Hunter Stinson, Adaptive Innovations is building what it describes as an AI operating system for home health. The company combines AI-driven operational workflows with in-home clinical care in an effort to reduce administrative costs and expand access to care for patients who are often turned away by traditional providers.
According to the company, administrative coordination costs account for between $0.60 and $0.90 for every $1 spent on clinical labor, contributing to an estimated $40 billion in home health referrals being rejected annually. Adaptive says its platform is designed to address these inefficiencies by automating processes such as intake, scheduling, documentation, billing, and compliance.
Since launching in 2025, Adaptive reports that it has delivered more than 100,000 patient visits and established partnerships with more than 500 referring healthcare organizations, including every major hospital system in Texas. The company also said it has reduced rehospitalization rates to 4.9%, compared with an industry average of 12.9%, while enabling clinicians to spend approximately 80% less time on documentation.
The company plans to use the new funding to expand its workforce and enter additional states. Adaptive’s team includes engineers and operators with backgrounds at Scale AI, Palantir, Jane Street, and the U.S. Army Rangers, with operations based in New York City and Dallas.
KEY QUOTES:
“Care can’t be delivered through a screen. Real care requires a skilled clinician, in person, in the patient’s home. Everything that surrounds that visit, intake, scheduling, charting, billing, compliance, is coordination overhead. And that coordination costs $0.60–$0.90 for every $1 of clinical labor. The consequence is staggering: $40B in home health referrals are rejected every year. The clinicians exist. The patients exist. But the legacy cost structure leaves patients untreated.”
“Adaptive is building the AI operating system for home health, healthcare’s last mile. We combine AI-native operations with clinicians-in-the-home to get every patient the care they need, including the 40% of patients legacy providers turn away.”
“Since launching in 2025, we’ve delivered over 100,000 visits and partnered with 500+ referring healthcare organizations, including every major Texas hospital system. We’ve reduced rehospitalizations to 4.9%, compared to a 12.9% industry average. Our clinicians save ~80% of their time on documentation, so they can focus on what matters: delivering care. This is just the beginning.”
Alex Wendland, Co-CEO, Adaptive Innovations
