Together with a seed round, this brought the company’s total funding to $41 million, Lotus Health AI said in a Tuesday (Feb. 3) press release.
The company will use the new funding to build out the infrastructure, clinical team and runway for its artificial intelligence-powered model for primary care, according to the release.
Lotus Health AI’s model reduces the cost of care and makes doctors 10 times more productive by eliminating administrative bottlenecks and providing tools to doctors, the release said.
The system brings together medical artificial intelligence (AI), unified patient health data, peer-reviewed medical evidence, clinical guidelines and board-certified physicians who review its guidance, per the release.
The company’s system syncs medical records, labs, medications, wearable data and insurance benefits to create a single patient profile, according to the release.
“Physicians review care, refine recommendations and prescribe medications when needed, with lab ordering and in-person care routing coming soon,” Lotus AI said in the release.
Lotus Health AI earns revenue not by billing patients but by offering premium sponsorships inside its app, according to the release. Patients need no insurance, per the release.
Kleiner Perkins led the seed round and co-led the Series A round with CRV, according to the release.
“Every few decades, a product emerges that doesn’t just improve a system, but redefines it,” Kleiner Perkins Partner Annie Case said in the release. “Lotus Health AI has the potential to do that for primary care by delivering greater access, lower cost and better outcomes at scale.”
The PYMNTS Intelligence and AI-ID collaboration, “Generative AI Can Elevate Health and Revolutionize Healthcare,” found that stakeholders in healthcare, technology and investment sectors recognize the potential of AI’s impact on health and medicine. The technology is reshaping diagnostics, treatment plans and delivery of care.
OpenAI said in January that AI has become one of the most widely used entry points into the healthcare system, with more than 40 million people worldwide using ChatGPT every day for health-related questions. The company said that figure places AI alongside primary care, urgent care and telehealth as a first stop for medical information.