Artificial intelligence-based health system provider Qventus Inc. today announced it has raised $105 million in a late-stage funding led by global investment firm KRR.

The company plans to use the funds to expand its product portfolio that automates work for care workers to help them attend to patients instead of paperwork.

Additional participation for the Series D round came from Bessemer Venture Partners, and new strategic investors, including leading health systems Northwestern Medicine, HonorHealth and Allina Health. Qventus said the substantial capital infusion will be used to help it transform healthcare outcomes using AI-driven solutions and “operational assistants” that can identify bottlenecks and act as AI teammates.

Current healthcare systems face challenges such as staff shortages, fragmented procedures and manual processes that leave staff overworked and often overburdened with administrative tasks that take their attention off their main goal, which should be patient care.

Qventus says it provides an AI-driven system that helps relieve this by automating many of these tasks by using generative AI, machine learning and behavioral science in both inpatient and outpatient settings to predict issues before they arise. Nurses, doctors and administrators can use the system to input, track and analyze patient care using AI tools that help them coordinate, plan and get the details right.

“Across the country, healthcare teams have to do extraordinary things to get ordinary things done every single day,” said co-founder and Chief Executive Mudit Garg. “Qventus has dedicated the last decade to building AI automation solutions that alleviate the administrative burden of health care staff so they can deliver highly reliable patient care.”

The company’s flagship AI-powered services include operational assistants that assist with inpatient capacity services and surgical intake that assist with calls, automating follow-ups, data retrieval, writing memos and reports, understanding text and documents, remembering information and identifying errors in faxed reports for surgery. Assistants can also help gather info from clinics to fill out patient records during intake, work with patients and staff to move surgeries through schedules and assist with follow-ups by providing recommendations for notes or writing emails to patients.

According to the company, in the last year Qventus’ Inpatient Capacity Solution, which reduces the length of stay and helps open up bed capacity, eliminated over 36,000 excess days for its health system partners and saved millions of dollars. This provided the capacity to serve more patients by having a smooth, intelligent and safe discharge planning system. The company added that its Surgical Growth solution can reduce lead time for surgery, add up to three cases per operating room per month and reduce phone calls from surgeon’s offices by 20%.

“By collaborating with Qventus, Northwestern Medicine has been able to significantly address capacity and access demands for our operating rooms which has allowed our patients quicker access to care,” said Doug King, senior vice president and chief information officer at Northwestern Medicine, a nonprofit healthcare system affiliated with the Northwestern University Feinberg School of Medicine.

Qventus said it intends to continue its mission and build on its systems that use AI systems to assist healthcare workers to do their jobs more efficiently with less administrative burden. This helps reduce burnout among staff who are already beleaguered by long hours and rough work conditions and improves the quality of care for patients overall.

The company added that last year, it greatly increased its stable of health system partners and expanded its team globally. With that foundation and the new funding, it intends to expand its AI assistants across more health system departments and into more parts of the patient care journey.

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