Assort Health Raises $50M to Automate Patient Phone Calls
▼ Summary
– Assort Health raised $50 million in a Series B round at a $750 million valuation, led by Lightspeed Venture Partners.
– The company’s AI voice agents automate tasks like scheduling and cancellations to reduce front desk workload.
– It targets small and medium specialty care offices to improve response times and reduce patient loss to competitors.
– The startup is growing quickly, with over $3 million in ARR, and has expanded from orthopedics to specialties like Ob-Gyn and dentistry.
– The healthcare industry is increasingly adopting AI for patient communication, with several similar startups recently securing funding.
Assort Health has secured $50 million in a Series B funding round, reaching a valuation of $750 million just months after its previous raise. The investment, led by Lightspeed Venture Partners, will support the company’s mission to automate patient communication using AI voice agents. These tools handle routine tasks like appointment scheduling, cancellations, and answering common questions, freeing up administrative staff to focus on more meaningful patient engagement.
The rapid funding growth reflects strong investor confidence in AI’s potential to streamline operations within specialty healthcare practices. By targeting small and mid-sized clinics that often struggle with long wait times and high call volumes, Assort Health aims to reduce patient attrition and improve operational efficiency.
This surge in funding is part of a broader trend. Recently, EliseAI announced a $250 million Series E round, while Hello Patient closed a $20 million Series A. These developments signal a growing belief among venture capitalists that patient communication represents the next frontier for AI adoption in healthcare.
Assort Health initially concentrated on orthopedic and physical therapy offices but has since expanded into obstetrics, dermatology, and dentistry. Despite currently reporting annual recurring revenue just above $3 million, the company is experiencing rapid growth and widening its market reach.
Founded by Jon Wang, a former medical student, and Jeff Liu, an ex-Facebook engineer, Assort Health embodies the intersection of healthcare expertise and technical innovation. As clinics continue to seek solutions for administrative overload, AI-driven communication platforms are increasingly viewed as essential tools for modern medical practices.
(Source: TechCrunch)
