Daffodil Health, a San Francisco, CA-based provider of AI-powered healthcare pricing and administration solutions, has successfully raised $4.6 million in Seed funding. The round was led by Maverick Ventures, with participation from Epic Ventures.
The new funding will enable Daffodil Health to scale its operations, enhance its product offerings, and ensure successful deployments across the healthcare sector, paving the way for more efficient and transparent healthcare pricing and administration.
The company plans to utilize the funds to expand its operations and further its development efforts. Daffodil Health is led by CEO Navin Nagiah and offers a SaaS platform that provides real-time repricing of claims based on the payor or TPA’s preferred pricing methodology. The platform also allows for the configuration of complex pricing rules, automatic benchmarking of the repriced claims, and the generation of detailed and defensible pricing rationales powered by AI and large language models (LLMs).
Daffodil Health has collaborated closely with forward-thinking and innovative payors and third-party administrators (TPAs). The platform is expected to go live with multiple implementations in the coming months, showcasing its capabilities in real-world scenarios.
