Camber, a company transforming healthcare payments by reducing administrative burdens on clinics and families, announced a $30 million Series B funding round led by Andreessen Horowitz with participation from ACME and Craft, bringing its total funding to $50 million. Camber has several investors who have participated across multiple funding rounds, validating their confidence in Camber’s vision and execution. Additional investors in the Series B round include K Ventures and Y Combinator.
Camber’s proprietary models utilize data-driven insights to streamline claims processing, ensuring providers get paid faster and more accurately (averaging 95% first pass). Over the past two years, Camber has grown to 90,000 patients across 40 states. It has managed $2 billion in claims, enabling its providers to focus on serving more patients.
So far, Camber’s platform has focused on addressing the reimbursement needs of behavioral health clinics that help pediatric patients and their families in managing autism, Down syndrome, and depression. And with this new funding, Camber plans to expand its capabilities to address home health, long term care, and substance use disorders and reach new patient populations and clinics across the US.
Camber’s platform tackles the systemic challenges of fraud, inefficiencies and administrative complexity in Medicaid and insurance claims processing. And by automating and simplifying workflows, Camber enables providers to receive fair and timely payments, improving cash flow and allowing them to focus on patient care and achieving better outcomes. This is especially critical for companies of all sizes, from small and mid-sized clinics, where cash flow issues are a leading cause of bankruptcy, all the way up to organizations with thousands of employees.
KEY QUOTES:
“The healthcare system is plagued by inefficiencies, fraud, and delayed reimbursements. It’s unacceptable that small clinics—the backbone of our healthcare system—are shutting down due to cash flow challenges despite delivering high-quality care. At Camber, we believe that by building better software, we can build a future that ensures providers can focus on patients without sacrificing financial stability. Today is an important milestone and we’re grateful to our providers and investors for supporting our long-term vision to redefine healthcare.”
- Christophe Rimann, co-founder and CEO of Camber
“We invested in Camber because they’re tackling one of the biggest problems in healthcare: the broken reimbursement system. With deep fintech expertise and knowledge of how data and automation can reduce administrative burdens in healthcare, Camber is redefining how claims are processed—getting providers paid faster and improving patient access to quality care. We’re proud to double down on our investment in Camber as they take on this critical challenge.”
- David Haber, General Partner at Andreessen Horowitz
