Navina is an AI-powered primary care platform that turns patient data, which is fragmented and complex, into actionable insights at the point of care.
Now the company will be expanding its AI capabilities as it announced the completion of a $55 million Series C funding round on Tuesday led by Growth Equity at Goldman Sachs Alternatives, with participation from existing investors, including Vertex Ventures Israel, Grove Ventures and ALIVE. This brings Navina’s total funding to $100 million.
Founded in 2018, the Tel Aviv-based Navina’s AI engine transforms healthcare data into actionable insights and provides recommendations at the point of care, so physicians don’t have to search through the patient record for relevant data. Instead, the platform surfaces concise health histories, provides clinical insights, and recommends screening and other preventive health opportunities in real time: Navina’s AI copilot surfaces clinical insights that support effective decision-making with products that include Chart Review, risk adjustment, quality management, and real-time analytics.
The company works with a variety of organizations delivering primary care to patients, including health systems/IDNs, independent primary care organizations, multi-specialty groups and ACOs. Its network of clients comprises hundreds of clinics and over 10,000 users, including family physicians, internists, nurse practitioners, physician assistants, and supporting staff.
“Our core mission is to help physicians and care teams navigate complex data from multiple sources and modalities to improve patient outcomes, and enhance value-based care outcomes. Over the past year, we have launched a new Quality Management solution to help improve quality scores (particularly HEDIS and STAR ratings) by surfacing clinical evidence from deep within the patient record to close care gaps,” Shay Perera, CTO and co-founder of Navina, told VatorNews.
“We’ve also advanced our patient data reconciliation and interpretation capabilities, as well as our AI recommendation engine which is constantly evolving.”
Navia’s partnerships include agilon health, InnovaCare Health, Millennium Physician Group, and Privia Health; currently, the platform is being used in 1,300 clinics, impacting more than 3 million patient lives.
A study published by the American Academy of Family Physicians found that the platform reduced physician burnout, with 38% less time spent on pre-visit chart review, reducing visit preparation burden by an average of 9 minutes for each visit. It also improved diagnosis capture, as the implementation of Navina showed a 49% average increase in identified diagnoses HCC recommendations that were never previously documented by the PCP in comparison with only those documented by the PCP previously.
“Navina’s customers see significant ROI in the areas of improved workflow efficiency and value-based care performance, while reducing physician burden,” Perera said.
“We’re also seeing one of the highest engagement rates on the market: 86% Weekly Active Users, due to high clinician trust and seamless, native integration with their existing workflows.”
This new investment will be used to accelerate Navina’s expansion across the U.S., enhance its proprietary AI technology, and further drive improvements in patient outcomes. The company will also expand its platform capabilities to further automate and optimize workflows.
“Navina has developed market leading AI for clinical insights. As we continue to pursue our leadership position, we see opportunities to better serve the practice as a whole: from the back office to the exam room. We plan to enhance our automation capabilities including task management and documentation, and serve more clinical insights that are relevant to all patients,” explained Perera.
“We will continue to develop our proprietary AI and leverage LLMs to amplify our data analysis and predictive modeling to improve the physician experience, clinical accuracy, and administrative efficiency.”
Going forward, Navina also plans to expand its reach to more organizations and patient populations, “making every patient interaction more meaningful, relevant, and comprehensive.”
“There’s still so much to do, and we’re laser focused on our mission to making healthcare more efficient, empathic, and proactive,” said Perera.
(Image source: navina.ai)
