Keebler Health, a provider of AI-native risk adjustment solutions, has secured $6 million in seed funding to enhance its platform designed for healthcare providers transitioning to value-based care. The funding round was led by Freestyle Capital, with participation from MBX Capital, New Stack Ventures, and additional investors.
As healthcare providers take on greater responsibility for managing total cost of care under value-based care models, accurate risk adjustment has become crucial for ensuring appropriate reimbursement and financial stability. Traditional approaches rely on manual chart reviews, which present significant limitations in scope and efficiency. Keebler Health's AI-powered platform addresses these challenges by automating the risk adjustment process.
The platform's technology can process various data formats, including handwritten notes and images, to identify potential conditions that human clinicians might overlook. Isaac Park, co-founder and CEO of Keebler Health, explained, "Keebler's platform can ingest massive amounts of data in almost any form – from handwritten notes to images – and fully process it with AI to find emerging conditions that human clinicians may have missed. The goal is to reduce provider risk and improve operational performance while improving patient outcomes."
The company's solution enables healthcare providers to analyze all patient records in near real-time, significantly expanding upon the limited sample sizes typically reviewed manually. This comprehensive approach helps providers reduce administrative burden, improve accuracy in disease burden capture, and optimize reimbursement from payers.
Led by co-founders Park, Andrew Stickney, and Kevin Hill, Keebler Health's leadership team combines expertise in technology, operations, and clinical care. The new funding will support the company's growth trajectory and accelerate its product development initiatives, focusing on enhancing its AI capabilities for risk adjustment in the evolving healthcare landscape.
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