twenty fifth March 2025, New Delhi: Care.fi, a pioneering healthcare-focused fintech startup, has secured INR 7.5 Cr in debt capital from Vivriti Capital to speed up its mission of revolutionizing Income Cycle Administration (RCM) for hospitals.
With a powerful emphasis on claims processing and monetary automation, this funding will additional broaden the attain of RevNow by Care.fi, India’s most superior AI-powered RCM platform designed to optimize hospital insurance coverage claims and streamline income realization.
This newest funding follows Care.fi’s earlier funding rounds, which included INR 8 Cr in debt capital raised from Wint Wealth (Ambium Finserve) and Caspian, together with $2.5 Mn (round INR 21 Cr) in debt from Trifecta Capital and UC Inclusive Credit score. In complete, the group has raised roughly INR 29 Cr up to now.
In India’s evolving healthcare ecosystem, managing insurance coverage claims stays a fancy problem for hospitals, usually resulting in delayed discharges, income leakages, and operational inefficiencies.
Care.fi has revolutionized hospital claims processing, dealing with over INR 800 Cr in claims throughout 300+ hospitals and auditing greater than 50,000 claims.
Its AI-driven RCM platform, RevNow, is making a big impression by expediting declare settlements and guaranteeing hospitals obtain funds inside 3-5 days post-discharge.
It allows 30-minute affected person discharges by automating remaining billing and approvals, drastically decreasing wait occasions. RevNow optimizes hospital workflows with real-time question notifications, automated responses, and built-in mailing providers.
It additionally enhances monetary transparency by offering real-time reconciliation of money flows on the entity, unit, and declare ranges, providing hospitals unparalleled visibility.
Sidak Singh, co-founder of Care.fi, shared, “Since our inception, we’ve got targeted on fixing essential operational ache factors in hospital income administration. With RevNow, we’re setting new benchmarks in claims processing effectivity.
This newest funding will allow us to scale additional, serving to hospitals optimize monetary workflows whereas guaranteeing higher affected person experiences. Because the healthcare ecosystem grows, we purpose to proceed innovating and bettering income realization for suppliers.”
With its newest funding spherical, Care.fi goals to broaden RevNow’s capabilities and combine additional with hospital info techniques (HIS), digital well being data (EHR), and billing platforms.
The corporate can be targeted on expertise acquisition to strengthen its workforce and additional drive innovation in RCM.
“Our major focus is to boost the attain and effectiveness of our claims processing options,” mentioned Vikrant Agrawal, co-founder of Care.fi.
“We’ve got already facilitated insurance coverage claims for over 50,000 sufferers, and this funding will allow us to additional broaden our presence within the healthcare sector, bringing extra hospitals into the fold and bettering monetary effectivity throughout the trade.”
With an bold imaginative and prescient to develop into a ten Billion Greenback enterprise by 2030, Care.fi is redefining healthcare finance by bridging gaps in insurance coverage claims processing, guaranteeing monetary stability for hospitals, and enhancing the general affected person expertise.
Disclaimer:- This story has not been edited by SugerMint employees and offered by the company. SugerMint won’t be accountable in any manner for the content material of this story.
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