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We're excited to announce Sohar Health's $3.8 million seed funding round led by Kindred Capital, with participation from Y Combinator, and Rebel Fund after initially backing them at pre-seed in 2022. This funding marks a pivotal step towards modernising US healthcare administration through AI-driven solutions.
Founded by Dr. Ashish Mandavia (CEO) and Lucas Roh (CTO) in 2023, Sohar Health emerged from the founders' firsthand experiences with healthcare's administrative hurdles. The two met during their time at Quick Genius, where they identified a critical gap in the healthcare journey: the eligibility verification process that serves as healthcare's "front door."
Today, Sohar is developing cutting-edge AI infrastructure to streamline eligibility determination and Verification of Benefits (VoB), eliminating one of care's biggest hidden barriers.
Sohar's technology enables instant verification of insurance coverage, providing a seamless entry point for both patients and providers. With real-time eligibility checks, high accuracy rates, and bulk API capabilities, their platform significantly reduces the administrative friction that often delays care and frustrates patients.
As healthcare costs continue to rise, the administrative burden remains a massive yet often overlooked challenge, plagued by outdated processes, often leading to delays and inefficiencies. When insurance verification fails, patients either delay or abandon care. This contributes to an estimated $140 billion in unpaid medical debt in the US.
Sohar Health is addressing these challenges head-on by rebuilding entry points with real-time, AI-powered eligibility and benefits verification. With their technology, providers can reduce administrative costs, eliminate manual errors, and deliver faster, more reliable care.
Today, Sohar's platform is powering millions of real-time insurance checks for leading behavioral health providers, primary care organisations, and telehealth platforms. This involves:
At Concept Ventures, we spend most of our time searching for exceptional teams addressing large, complex challenges with a clear vision for commercial success. Sohar Health ticks all these boxes for us:
“At Sohar Health, we believe the future of healthcare is seamless, efficient, and patient-focused. With this funding, we are developing a product suite to help healthcare organizations streamline insurance workflows, allowing providers to focus on patient care rather than paperwork. The launch of Verification further strengthens access to care by eliminating administrative friction and improving the patient experience.”
– Ashish Mandavia, M.D., co-founder and CEO of Sohar Health
We’re excited to continue to partner with Sohar Health as they innovate at the intersection of healthcare and AI.
As Sohar continues to develop its technology and expand its partnerships, we believe their solution can reshape how businesses engage with healthcare administration, paving the way for more efficient, patient-centered care.
We look forward to working closely with Ash, Lucas, and the entire Sohar team as they build the future of healthcare verification.
Stay tuned for more updates on Sohar's website and LinkedIn.
