Atlas Health

The firm's core business revolves around its proprietary software platform, Atlas MAP, which serves hospitals and health systems. This platform automates the complex process of connecting patients with financial assistance. It maintains a comprehensive database of over 20,000 philanthropic aid programs, representing more than $30 billion in potential annual aid. By integrating with a health system's Electronic Health Record (EHR) and financial systems, the platform's AI-driven engine proactively screens every patient encounter and prescription to find eligible funding sources. This enables healthcare providers to reduce bad debt and secure reimbursement for care that might otherwise go unpaid.

The business model is structured around a "success fee," meaning Atlas Health charges its clients based on the financial aid successfully secured, rather than a flat subscription fee. This aligns the company's incentives with those of the hospitals and patients it serves. The platform automates the entire workflow, from matching and enrollment to streamlining claims and tracking awards, which helps in managing tedious tasks and maximizing the funds received. The company has demonstrated significant growth, reporting a 450% increase in the value of its hospital contracts in 2021 and securing a $40 million Series A funding round in January 2022, bringing its total funding to $44.5 million.