AI-based healthtech startup Heaps Health Solutions has raised $7.45 million in their Series A funding round by NVS Wealth Managers. The managing director of NVS Wealth Managers, Nalin Shah, says that Heaps is one of the most intelligent and scalable platforms in the healthcare sector.
By using artificial intelligence, machine learning and data analytics the venture revolutionizes healthcare delivery and payment models between all stakeholders, including the patients, insurance payers and healthcare providers. It enables patient care management and coordination.
The founder and CEO Suman Katragadd has mentioned that the funds will be used to expand the team, expand their market size and use it to develop their product's optimization. Heaps Health Solutions currently is used in India and in the USA. A number of other countries, like South Africa, Bangladesh and the UAE, are also demanding its services.
Heaps Health Solutions take care in securing the patient’s data and maintaining their privacy. They plan to use the data to make actionable insights that will help payers (insurance providers), providers (healthcare workers) and patients.