Navina, an innovative healthcare technology company, announced the completion of a $55 million Series C funding round led by Goldman Sachs on Tuesday. This recent influx of capital brings the company’s total funding to an impressive $100 million. Founded in 2018, and with offices in both Israel and New York, Navina specializes in utilizing artificial intelligence to streamline the physician’s journey in implementing effective value-based care models.

The landscape of healthcare is shifting, particularly as the industry increasingly leans towards value-based care, which focuses on patient outcomes rather than the volume of services provided. However, transitioning into this model is no small feat. Ronen Lavi, Navina’s CEO and co-founder, highlighted the significant challenges that providers encounter when adapting to these new care paradigms.

One of the core issues stems from the overwhelming flood of data that physicians are faced with daily. Vital information pours in from Electronic Health Records (EHR), claims, wearables, and pharmacy records, often creating a chaotic environment where critical insights can become lost amidst the noise. Lavi noted that the data often arrives in silos — fragmented and non-chronological — leading to inefficiencies in patient care. The inability to quickly integrate and synthesize this information can result in physician burnout, missed diagnoses, and unnecessary procedures, jeopardizing the very objectives that value-based care aims to accomplish.

Moreover, the apprehension among physicians regarding the documentation requirements that accompany value-based care can further hinder their willingness to engage with these models. Many healthcare professionals find themselves navigating outdated technology that struggles to support the unique demands of value-based care.

Navina’s solution to these pervasive challenges is its AI copilot, a sophisticated tool designed to analyze and summarize patient data from a myriad of sources. By presenting critical insights at the point of care, this AI-driven approach allows physicians to access a “single source of truth” about each patient, as Lavi succinctly described it.

The implications of Navina’s technology are profound. By simplifying data integration and making relevant information easily digestible, the platform not only enhances diagnostic accuracy but also empowers physicians to identify care gaps effortlessly. Most importantly, it works to alleviate the strain that can lead to burnout, fostering a more empathetic interaction between healthcare providers and their patients.

With a current reach of approximately 10,000 clinicians across 1,300 clinics, including partnerships with respected organizations such as InnovaCare Health, Millennium Physician Group, and Privia Health, Navina is poised to make a monumental impact in the healthcare sector. The recent collaboration with Agilon, which aims to deploy its AI copilot among 2,800 clinicians, underscores the growing recognition of the necessity for innovative solutions in the realm of healthcare.