a16z backs Prosper AI with $30M as healthcare providers seek fewer admin tools

Prosper AI an AI platform that runs the entire patient journey, today announced a $30 million Series A financing led by Andreessen Horowitz (“a16z”), with participation from Base10 and continued support from Emergence Capital, Y Combinator, and Company Ventures.

Every patient appointment depends on workflows that occur before and after care is delivered, from scheduling and insurance verification to patient billing and collections. Historically, these processes have been fragmented across disconnected teams and point solutions, creating $450 B in administrative waste and making healthcare more expensive and less transparent for patients.  

Where first-generation healthcare AI stopped at scheduling, Prosper AI manages the broader patient journey. The platform answers patient calls, schedules appointments directly in the EHR, verifies insurance benefits, automates patient billing, and contacts insurers on the phone when additional information is needed.

By automating the patient journey end-to-end, Prosper AI helps providers lower administrative costs by +40% while giving patients visibility into their coverage and financial responsibility before care is delivered. The result is a single platform that manages both patient and payer workflows from appointment request through reimbursement.

“Healthcare providers don't want separate tools for scheduling, insurance verification, and billing,” said Xavier de Gracia, Co-Founder and Co-CEO of Prosper AI.

“They want a single platform capable of managing the workflows that determine whether care happens and whether providers ultimately get paid.

That's what we've built, and it's why providers, health systems, and healthcare technology companies are choosing Prosper AI.”

The financing follows a period of rapid adoption and market acceleration for the Spanish-founded company.  

Since its last funding announcement six months ago, Prosper AI has grown revenue 5x, added more than 40 healthcare organisations as customers, expanded across more than 150,000 healthcare providers, and become the platform powering more than $1.3 billion in patient care. 

"AI should make healthcare infinitely accessible," said Jay Rughani, Partner at Andreessen Horowitz.

"Prosper AI stood out because of the scope of their ambition: they want to eliminate every administrative friction point between a patient and the care they need. What convinced us was the pattern we kept hearing from customers — providers would deploy Prosper AI for scheduling, then quickly ask them to take on insurance verification, then billing, and so on.

That pull-through only happens when your technology can consistently guide patients through the care journey end-to-end. It's no surprise Prosper AI is winning the vast majority of competitive evaluations they enter."   

Adeyemi Ajao, Co-founder and Managing Partner at Base10 Partners, shared:

“Prosper AI is leveraging agentic AI to transform the way provider groups and hospitals engage with patients, driving not only savings, but increased revenue and better patient experience".  

With the new funding, Prosper AI will expand its engineering and customer-facing teams, deepen integrations across the largest EHR platforms, and accelerate adoption across provider groups and health systems.