Merit Medicine, an Austin-based healthtech startup, has announced the closure of a $2 million seed round led by LiveOak Ventures. The company aims to bring AI insights to the employer-sponsored health insurance market, helping self-funded employers anticipate high-cost medical expenditures.
Merit Medicine combines its proprietary models and data set with employer-specific population data to equip employers with more predictable budgeting for annual healthcare spending. Its goal is to ensure more affordable access to healthcare for employees during an era of rapidly escalating costs.
Its platform provides employers with with AI-driven predictions based on patient journeys, allowing them to prepare for specialty drug utilization as well as chronic, complex and rare diagnoses among their employees.
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