Anatomy Financial, a financial automation tool for healthcare, launches with $7.6M

Anatomy uses AI to automate the healthcare back-office by linking bank, claims, and accounting data

Banks and accounting systems are not purpose-built to integrate with healthcare practice management systems. As a result, healthcare organizations run their finances with spreadsheets and manual processes.

"On top of this, a quarter of revenue comes on paper checks and remits, which take on average seven minutes per claim to manually enter," said Sasha King, co-founder of Anatomy Financial, a provider of AI-powered financial automation solutions for medical, dental, digital health, and healthcare billing companies. The company officially launched on Tuesday along with a $7.6 million round of funding. 

Anatomy offers a suite of financial automation solutions, including AI-based EOB conversion, automated bank reconciliation, and real-time financial insights. It uses artificial intelligence to automate the healthcare back-office by linking bank, claims, and accounting data to provide real-time financial insights and automated reconciliation. 

King co-founded the company along with her husband Callum; both of them had previously worked in healthcare and fintech, with Sasha having previously held the position of Chief Commercial Officer at CareDx, while Callum was previously a co-founder of Brightside, a financial technology platform for employers. They experienced this problem first-hand at a diagnostics laboratory services provider that managed billing in-house.

Among those currently using Anatomy are independent practices, such as Raleigh Orthopaedics Clinic.

The new funding came from from Lightspeed, Meridian Street Capital, Live Oak Ventures, Cambrian Ventures, Peterson Ventures, and angel investors with expertise across healthcare and fintech. The company plans to use it to faciliate hiring, product development, and customer support.

"Anatomy is on a mission to automate financial operations for healthcare and enable providers to focus on quality patient care," said King.

(Image source: anatomy.com)