HyperAIHyperAI

Command Palette

Search for a command to run...

Develop Health Raises $14.3M to Accelerate Medication Access with GenAI-Powered Prior Authorization Automation

SAN FRANCISCO—Develop Health, an electronic health record (EHR)-integrated platform specializing in benefits verification and prior authorization, has announced a $14.3 million Series A funding round led by Wing Venture Capital, with additional participation from Afore Capital, J Ventures, and South Park Commons. The investment brings the company’s total funding to $17.6 million. Develop Health is positioning itself as a pioneer in medication access technology, built entirely around generative AI. The platform leverages over a dozen purpose-built large language model pipelines to automate complex, time-consuming tasks in the healthcare workflow, including prior authorization requests and insurance eligibility checks. By integrating directly with EHR systems, Develop Health streamlines the process of verifying patient benefits and securing approvals for medications, significantly reducing administrative burden on providers. The company’s GenAI architecture enables it to interpret clinical notes, understand insurance requirements, and generate accurate, compliant prior authorization submissions in seconds—tasks that traditionally take hours or days. The new capital will be used to expand the platform’s AI capabilities, enhance integration with major EHR systems, and scale its go-to-market strategy across U.S. healthcare providers. With rising pressure on clinics and hospitals to reduce administrative overhead and improve patient access to necessary treatments, Develop Health aims to become a foundational tool in modern care delivery. The company’s approach reflects a growing trend in healthcare technology: using generative AI not just for documentation or coding, but for real-time, mission-critical decision support. By automating the prior authorization process—often a major barrier to timely medication access—Develop Health is helping clinicians focus more on patient care and less on paperwork. As healthcare systems continue to grapple with staffing shortages and operational inefficiencies, solutions like Develop Health offer a path toward smarter, faster, and more equitable care delivery.

Related Links