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Taxo, founded by Dr. Ahmed Kerwan, has raised $5 million to enhance healthcare administration using AI. The startup's app simplifies tasks like prior authorizations and medical billing, addressing the overwhelming paperwork burden faced by healthcare professionals. Taxo's unique AI 'reasoning engine' builds trust by transparently explaining its decision-making process to users.
The reasoning engine significantly improves prior authorization approval rates to 98%, far exceeding the industry average. Taxo's technology is built on existing AI models, tailored specifically for healthcare, and aims to provide clarity in AI recommendations. With a growing customer base and strong investor interest, Taxo is positioned to lead in the healthcare AI space.
• Taxo's AI reasoning engine improves healthcare admin efficiency significantly.
• The startup achieved a 98% prior authorization approval rate with its technology.
The reasoning engine explains decision-making processes, enhancing trust and transparency for users.
A process where insurers approve medical services before they are provided, crucial for healthcare billing.
Taxo uses AI to streamline healthcare administration, focusing on tasks like billing and authorizations.
Y Combinator is an investor in Taxo, supporting innovative startups in various sectors, including healthcare.
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
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