Flare Capital Partners

Jan 10, 2025

Qualified Health announced its launch with $30 million in seed funding to develop the infrastructure for generative AI in healthcare. The major investors are SignalFire, Healthier Capital, Town Hall Ventures, and Frist Cressey Ventures, with participation from Intermountain Ventures, Flare Capital Partners, and prominent healthcare and technology sector angels. The company’s technology solution offers healthcare organizations a comprehensive infrastructure to safely implement and scale generative AI solutions. Some of the key features include: — Role-based access controls, risk alerts, data privacy protections, and safeguards against AI hallucinations — Infrastructure enabling healthcare teams to develop and deploy AI agents for workflow automation rapidly — Complete observability of application performance and usage with human-in-the-loop evaluation and escalation systems The company brings together an experienced founding team with backgrounds spanning healthcare delivery, AI development, and quality improvement: — Justin Norden, MD, MBA (CEO/Co-founder): Stanford Medicine faculty member and former CEO/Co-founder of Trustworthy AI (acquired by Waymo/Google) — Shantanu Phatakwala: (CCO/Co-founder): Former Chief Data Science Officer at Haven (Amazon/JP Morgan Chase/Berkshire Hathaway venture) — Beau Norgeot, PhD (CAIO/Co-founder): Former VP of AI at Elevance and Chief AI Officer at Lucid Lane — Nirav R. Shah, MD, MPH (Co-founder): Stanford Medicine faculty member and Former COO of Kaiser Permanente SoCal and NY State Health Commissioner — Kedar Mate, MD (CMO/Co-founder): Former President and CEO of the Institute for Healthcare Improvement (IHI) Some of the notable angel investors include Frank Williams (former CEO/Founder of Evolent), Justin Kan (former CEO/Founder of Twitch), Bill Veghte (former EVP Microsoft, EVP Hewlett Packard), Varsha Rao (former CEO of Nurx), and more. KEY QUOTES: “Healthcare stands at a pivotal moment, our providers are overwhelmed, our costs are increasing, and we must make a change. This strong backing from leading healthcare-technology investors and health systems validates our approach to bridging the gap between Generative AI’s potential and healthcare’s need for reliability, transparency, and safety.” – Justin Norden, MD, Co-Founder and CEO of Qualified Health “While other industries have seen transformative benefits from generative AI, healthcare adoption has been cautious due to justified concerns about safety and reliability. Qualified Health’s infrastructure creates the foundation of trust necessary for healthcare organizations to confidently deploy these powerful tools.” – Qualified Health board member Sooah Cho from SignalFire “What sets Qualified Health apart is their unique approach to healthcare AI governance. Their platform enables health systems to maintain control while accelerating innovation – a crucial balance that the industry has been seeking.” – Navid Farzad of Frist Cressey Ventures “The caliber of talent Qualified Health has assembled is extraordinary. This team brings together decades of healthcare transformation experience with deep technical expertise in AI – exactly what’s needed to solve one of healthcare’s most complex challenges.” – Meera Mani, MD from Town Hall Ventures “We’re at the beginning of a fundamental shift in how healthcare is delivered. Qualified Health is uniquely positioned to become the cornerstone that enables safe, effective AI deployment across the entire healthcare ecosystem. The opportunity ahead is immense.” – Amir Dan Rubin from Healthier Capital Pulse 2.0 focuses on business news, profiles, and deal flow coverage.