Insider Brief
- Amino Health raised $10 million in a funding round led by Transformation Capital to enhance its AI-driven healthcare navigation platform, building on a previous $30 million investment from the same firm.
- The funding will accelerate the development of personalized patient care journeys, leveraging AI to offer tailored care recommendations and improve user experience across a broad range of medical topics.
- Amino Health’s platform addresses the complexities of modern healthcare plans, helping employers and employees navigate healthcare benefits efficiently, aiming to improve care quality and reduce costs.
PRESS RELEASE — SAN FRANCISCO/May 22, 2024 — (BUSINESS WIRE) — Amino Health, the leading digital healthcare navigation company, today announced a $10 million funding round led by Transformation Capital. The funds will be used to accelerate Amino’s AI product roadmap to build personalized patient care journeys. This latest capital infusion follows a $30M investment by Transformation Capital in May of 2023.
Amino Health’s care navigation platform simplifies the complexity of healthcare by recommending high quality healthcare providers based on objective, proprietary clinical data. Amino is the only platform that can incorporate the complexity of modern employer benefit programs.
Today, employers are faced with rising healthcare costs, complex benefit plans, and low utilization of specialized solution providers. Meanwhile employees struggle to know what is covered by their health insurance, and how to access programs available to them. Amino solves the complexity of modern healthcare plans by creating a simple consumer interface that routes more than 10K medical topics to the best provider, facility, or employer program.
Amino’s AI investments will further improve the user experience by offering personalized care recommendations based on a user’s unique care journey. In the last year alone, Amino’s Product and Clinical teams have seen the benefits of leveraging AI to generate thousands of new care topics. These new topics benefit a wider range of users and care needs, including expanded primary care, women’s health, LGBTQ+ health, more complex diseases, and specialized care for all stages of life, such as pediatric and geriatric care.
“We believe Amino Health is poised to make a transformative impact in the healthcare landscape through its innovative AI-driven approach to care navigation,” said Mike Dixon, Managing Partner at Transformation Capital. “We are excited to further invest in Amino Health, and accelerate their journey to revolutionize healthcare delivery and drive meaningful improvements in cost savings and member engagement.”
“This investment underscores the confidence placed in our vision to harness the power of AI to revolutionize healthcare. With this infusion of capital, we are poised to strengthen our AI capabilities, expand our team, and drive innovation that will shape the future of patient-centered care,” said John Asalone, Amino’s CEO.
For more information about Amino Health and its AI-powered healthcare solutions, please visit https://partners.amino.com/press.
About Amino Health
Amino Health, the leading data-driven healthcare guidance platform, connects people with high-quality, cost-effective providers and benefits programs in context across the healthcare ecosystem. With more than 30B healthcare claims used to inform our actionable healthcare recommendations, Amino Health reduces wasteful claims spending, streamlines care routing, increases care quality, and improves care outcomes for plan sponsors and members. To learn more, visit amino.com.
About Transformation Capital
Transformation Capital is a digital health growth equity firm dedicated to supporting commercial stage companies focused on improving people’s health and the sustainability of the healthcare system. The firm was founded on the premise that investing in healthcare requires both a sophisticated understanding of the healthcare system, including the prevailing market forces and resulting opportunities, as well as deep connections with decision makers across key providers, payers and digital health innovators. Transformation Capital has invested in digital health companies across the ecosystem, including Datavant, Apree, Capital RX, Health Catalyst, Sword, Grow, Jeenie and Groups.
Contacts
Media Contact for Amino Health
Lyndsey Steinbock
lsteinbock@amino.com
Media Contact for Transformation Capital
Melanie Albanese
melanie@transformcap.com
