K Health, a leading AI Primary Care platform, announced that it had raised $50 million in funding led by Claure Group, with participation from investors including Pablo Legorreta (founder and CEO of Royalty Pharma), and existing investors Mangrove Capital Partners, Valor Equity Partners, and Atreides Management, LP.
Primary care is an essential part of the US healthcare system, necessary for improving clinical outcomes and reducing costs, with over a billion visits annually to primary and urgent care facilities. But a burned out physician supply and fragmentation from point solutions make access to high-quality longitudinal care out of reach for most people. And most technology solutions now have been applied on the edges of care to reduce administrative burden. Despite the immense potential of AI, these solutions have been unable to address the underlying problem of providing high-quality, truly personalized care at scale.
K Health is the only company that has created peer-reviewed, clinical-grade AI for primary care. And K’s co-pilot transforms the primary care visit. Rather than doctors taking patients through lengthy investigations and manually piecing together medical history from EMRs, K’s clinical-grade AI co-pilot takes patients through a personalized chat, grounds the assessment in relevant EMRs, and delivers to the providers the perfect medical chart with patient insights so they can make individualized diagnoses and treatments.
This frees up the providers to engage with their patients, exercise clinical judgment, and focus on a comprehensive follow-up care program. And this new model of care delivery using K’s co-pilot achieves dramatically higher quality of care at lower costs vs traditional primary care.
K Health has also been developing a comprehensive longitudinal care program that integrates virtual care with brick-and-mortar to create scalable access to primary care. This integrated care delivery model combines K’s primary care co-pilot, patients’ EMRs, and the health system’s brick-and-mortar assets to navigate patients within the system, including diagnostic tests and specialty care.
KEY QUOTES:
“K Health solves the need to make primary care visits highly personalized by giving doctors AI super powers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience, with an assigned provider and 24/7 access to care. When partnered with leading health systems like Cedars-Sinai, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars.”
- Allon Bloch, founder and CEO of K Health
“As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I’ve seen successfully using AI to impact millions of lives. They are addressing some of healthcare’s greatest challenges by providing accessibility to faster, higher-quality, lower cost care on a large scale.”
- Marcelo Claure, Founder and CEO of Claure Group
