Anomaly, a precision payments platform using artificial intelligence (AI) to improve payment accuracy in the healthcare industry, has announced $17 million in series A and seed funding. The series A was led by RRE Ventures and included participation from Link Ventures and existing investors Madrona Venture Group, Declaration Partners, and Redesign Health.
“Overpayments, billing errors, and the resulting administrative rework creates completely unnecessary conflict and adds costs to the healthcare system that ultimately the consumer is responsible for paying. Anomaly works to ensure that the right amount is paid the first time, so payers can feel confident about every single payment, and providers know they are compensated correctly,” said Jacob Shiff, Anomaly’s Co-Founder, President and Chief Operating Officer. “We’ve brought together some of the best minds in healthcare and technology to solve this massive problem, because when there is less conflict, providers are happier, and patients are healthier.”
“Health insurers are under immense pressure to both control costs and maintain great working relationships with providers, but nothing complicates those relationships more than conflicts over reimbursement,” said Jeff Alter, Anomaly Chairman and current CEO of Summit Health, who previously served as CEO of UnitedHealthcare commercial and EVP at Anthem. “The improper payments issue is constantly evolving and requires continuously learning AI to solve, which is why Anomaly is best positioned to make a difference in the market.”
“Anomaly is tackling a structural point of friction across the U.S. healthcare market with a novel, data-first approach that benefits payers, providers, and patients alike,” said Jason Black, General Partner at RRE Ventures. “It is rare to find a multi-hundred-billion-dollar problem where there is a solution that can benefit all stakeholders. That’s what we’ve found in the world-class team building Anomaly, and we are proud to be early investors in this category-defining company.”
Anomaly plans to use funding to grow its team, invest further in product development, and expand its market presence. As part of the investment, Jason Black from RRE Ventures will join the Anomaly Board of Directors.
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