Tennr, a New York City-based healthcare technology company, has raised $101 million in a Series C funding round to accelerate its mission of automating workflows in referral-based care. The round was led by IVP, with participation from renowned investors including Andreessen Horowitz, Lightspeed, GV, ICONIQ, Foundation Capital, and Frank Slootman.
Founded by Stanford engineers Trey Holterman, Diego Baugh, and Tyler Johnson, Tennr has developed an orchestration platform and proprietary language models that simplify and streamline patient processing for healthcare providers who rely heavily on referrals. The platform effectively automates the intake process, regardless of whether referrals are received via fax, email, or electronic portals. This enables providers to improve patient conversion rates, reduce claim denials, and deliver timely care without increasing administrative overhead.
Significant Growth and Market Impact
Since its Series B funding just two quarters ago, Tennr has tripled its revenue and successfully processed millions of patients across hundreds of healthcare providers. The company’s rapid growth highlights the increasing demand for workflow automation in healthcare, particularly in specialties where referral-based care is the primary pathway to treatment.
Launch of Tennr Network: Real-Time Care Coordination
As part of its expansion, Tennr has introduced the Tennr Network, a new coordination layer that seamlessly connects referring providers, receiving specialists, and patients. This network provides real-time visibility into referral statuses, enhancing communication and ensuring that all parties involved are continuously informed throughout the patient care journey.
The Tennr Network is expected to significantly improve operational efficiency, enhance patient experiences, and further reduce care delays often associated with fragmented referral processes.