Qualified Health, a public benefit corporation providing a secure enterprise AI platform built for health systems, announced a $125 million Series B financing round led by global venture capital firm, New Enterprise Associates, Inc. (NEA), with participation from new investors Transformation Capital, GreatPoint Ventures, Cathay Innovation, and Menlo Ventures’ Anthology Fund, an AI innovation fund created in partnership with Anthropic. Existing investors SignalFire, Frist Cressey Ventures, Flare Capital Partners, Healthier Capital, Town Hall Ventures, and Intermountain Ventures also participated.
Qualified Health’s financing reflects growing demand from health systems seeking a platform partner capable of deploying and scaling AI safely across the entire organization, rather than through isolated pilots.
“We are living through a generational shift, one where AI doesn’t just augment how organizations work but fundamentally transforms them from the inside out,” said Mohamad Makhzoumi, Co-CEO of NEA, who will join Qualified Health’s Board of Directors in conjunction with the financing. “From NEA’s nearly five decades of company-building experience, we believe the organizations shaping the next era of healthcare innovation will be those helping health systems reimagine every administrative and clinical workflow from the ground up, and Qualified Health is exactly that company. We are thrilled to lead this financing and to partner with Justin and team to accelerate healthcare’s AI transformation and shape the future of healthcare enterprises across the country.”
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“Health systems today are operating under extraordinary pressure, from rising labor costs to tightening reimbursement, while managing increasing complexity in patient care,” said Jared Kesselheim, MD, Managing Partner at Transformation Capital. “What stood out to us about Qualified Health is that the team approaches this work as medical care specialists, with a deep understanding of the realities health systems face every day. That perspective allows them to identify where AI can create meaningful clinical and operational impact. We’re excited to partner with Justin and the Qualified Health team as they help leading health systems navigate this next phase of healthcare.”
Early partners are already seeing results
Mercy, Emory Healthcare, University of Rochester Medicine, Jefferson Health, and all eight health institutions of the University of Texas System, including UT Medical Branch, UT Health San Antonio, MD Anderson Cancer Center, UT Health Houston, UT Southwestern Medical Center, UT Health Tyler, UT Rio Grande Valley, and Dell Medical School at UT Austin, are partnering with Qualified Health to redesign clinical and operational workflows across the enterprise.
Across Qualified Health’s health system partners, early deployments are already delivering measurable results in revenue uplift and cost savings.
At the University of Texas Medical Branch (UTMB), within the first six months, Qualified Health established a secure data foundation across EHR and non-EHR data sources, deployed multiple assistants and automated workflows, and generated more than $15 million in measurable run-rate impact.
“Qualified Health has been an exceptional partner as we build and execute our AI strategy at UTMB,” said Peter McCaffrey, MD, Chief AI & Digital Officer at University of Texas Medical Branch. “Their team brings deep expertise and a real willingness to dive deep alongside our clinicians, operators, and leadership teams. Together, we’ve been able to focus on the highest-priority opportunities, move quickly from idea to implementation, and stay ahead of the curve as we navigate this period of rapid change. The ROI has already exceeded expectations.”
At Mercy, leaders are using the platform to rethink workflows across the health system.
“This is about transforming care in a way that every patient encounter is safer, more connected and more human,” said Byron Yount, Chief Data & AI Officer at Mercy. “AI allows us to simplify complex workflows, anticipate patient needs earlier and give caregivers the time and clarity they need to provide high-quality care. Our partnership with Qualified Health accelerates this transformation, helping us turn AI into a meaningful path for better outcomes and a better daily experience for the people we serve.”
SOURCE: Businesswire
