New York, US: Prosper AI, the leading AI platform designed to manage the entire patient journey, has raised $30 million in Series A funding in a round led by Andreessen Horowitz (a16z), with participation from Base10 and continued backing from Emergence Capital, Y Combinator, and Company Ventures.
The latest funding round marks a significant milestone for Prosper AI, which has witnessed rapid market adoption over the past six months.
Since its previous funding announcement, Prosper AI has reported a fivefold increase in revenue, onboarded more than 40 healthcare organizations, expanded its footprint across over 150,000 healthcare providers, and now powers more than $1.3 billion in patient care.
The company also stated that it currently wins 80% of competitive evaluations.
As healthcare providers increasingly seek solutions that extend beyond appointment scheduling, Prosper AI has positioned itself as a comprehensive platform capable of automating scheduling, insurance verification, and patient billing while coordinating voice interactions with both patients and insurers.
Today, Prosper AI serves several prominent healthcare organizations, including PE-backed outpatient groups such as Preferred Dermatology, health systems including Jackson Memorial Hospital—the second-largest hospital in Florida—and healthcare technology providers such as Athenahealth, one of the largest ambulatory electronic health record (EHR) platforms in the United States.
Expanding Beyond Scheduling
Healthcare providers often rely on multiple disconnected systems to manage patient scheduling, insurance verification, billing, and collections.
According to the company, these fragmented processes contribute to more than $450 billion in administrative waste across the healthcare industry.
Unlike first-generation healthcare AI tools focused primarily on scheduling, Prosper AI manages the broader patient journey.
The platform answers patient calls, schedules appointments directly within EHR systems, verifies insurance benefits, automates patient billing, and communicates with insurers when additional information is required.
By automating these administrative functions end-to-end, Prosper AI claims it enables providers to reduce administrative costs by more than 40% while providing patients with greater transparency regarding coverage and financial obligations before care is delivered.
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Winning Competitive Evaluations
Healthcare providers evaluating AI platforms are increasingly selecting Prosper AI for broader operational capabilities.
“We evaluated seven different vendors through an extensive RFP and live demonstration process and concluded that Prosper AI had the most comprehensive platform,” said Jonathan Banta, CEO of The 44 Group and Co-founder of The Executive Roundtable, a provider consortium representing more than 600 physicians.
“The difference wasn’t simply scheduling. Prosper AI was the only platform capable of handling insurance verification, patient financial responsibility, and the broader workflows required to support the entire patient journey.”
Noah England, COO of Piedmont Dermatology, highlighted the platform’s automation capabilities.
“Out of the gate, Prosper AI was handling more than 50% of our patient conversations end-to-end, including complex cases involving real-time benefits verification,” said England.
“Many organizations using other AI solutions remain stuck at 20–30% automation because those systems stop at scheduling.”
Healthcare Technology Companies Choose Prosper AI
The adoption is also expanding among healthcare technology companies.
Athenahealth, which covers more than 60 million lives through its ambulatory EHR platform, selected Prosper AI after evaluating multiple AI solutions for internal voice AI workflows.
Similarly, ImagineSoftware, a healthcare software provider serving over 100,000 physicians and processing more than $65 billion in claims annually, also chose the platform following a competitive assessment.
“We reviewed multiple AI platforms, and Prosper AI consistently delivered the strongest performance, now handling thousands of conversations per day across multiple clients on our platform,” said Sam Khashman, CEO of ImagineSoftware.
“In repeated side-by-side evaluations, Prosper AI achieved the highest accuracy and completion rates.”
Investors Back Broader Vision
Commenting on the investment, Jay Rughani, Partner at Andreessen Horowitz, said: “AI should make healthcare infinitely accessible. Prosper AI stood out because of the scope of their ambition: they want to eliminate every administrative friction point between a patient and the care they need.
“What convinced us was the pattern we kept hearing from customers — providers would deploy Prosper AI for scheduling, then quickly ask them to take on insurance verification, then billing, and so on. That pull-through only happens when your technology can consistently guide patients through the care journey end-to-end.
“It’s no surprise Prosper AI is winning the vast majority of competitive evaluations they enter.”
Adeyemi Ajao, Co-founder and Managing Partner at Base10 Partners, added: “Prosper AI is leveraging agentic AI to transform the way provider groups and hospitals engage with patients, driving not only savings, but increased revenue and better patient experience.”
Funding to Accelerate Growth
With the newly raised capital, the company plans to expand its engineering and customer-facing teams, strengthen integrations with leading EHR platforms, and accelerate adoption among provider groups and health systems.
“Healthcare providers don’t want separate tools for scheduling, insurance verification, and billing,” said Xavier de Gracia, Co-Founder and Co-CEO of Prosper AI.
“They want a single platform capable of managing the workflows that determine whether care happens and whether providers ultimately get paid. That’s what we’ve built, and it’s why providers, health systems, and healthcare technology companies are choosing ProsperAI.”
Looking ahead, Prosper AI aims to build an AI workforce capable of powering healthcare’s administrative operations, reducing inefficiencies, expanding access to care, and enabling providers to dedicate more time to patient care.
