The Technology team advised Cohere Health® in its $90 million in Series C funding round which was led by Temasek, with continued support from Deerfield Management, Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners.
The new investment, which brings Cohere's total funding to $200 million, will accelerate the company's next phase of growth, scaling the Cohere Unify" platform, expanding into new clinical use cases, and deepening investment in its AI-powered product portfolio. Cohere Unify enables critical collaboration points between health plans and providers, and modernizes utilization management (UM) by personalizing provider workflows and optimizing engagement through real-time performance data. Together, these capabilities lay the foundation for Cohere's broader vision of transforming clinical decision-making.
Cohere Health is a clinical intelligence company delivering AI-powered prior authorization solutions that streamline access to quality care by improving collaboration between physicians and health plans. Cohere works with nearly 600,000 providers and processes over 12 million prior authorization requests annually. Its AI auto-approves up to 90% of requests for millions of health plan members.
The Goodwin team was led by Jared Fine, Jason Goldfarb, Micaiah Barley, Grace Kim, Justin Pierce, Justin Shields, and Steve Argentieri.
For additional details on the funding round, please read the press release and coverage in Modern Healthcare and Fierce Healthcare.