Element5 Closes $30M in Series B Funding


Element5, San JoseCA-based provider for an Automation-as-a-ServiceSolution designed for post-acute care. Funded $30M in Series B funding.

TheRound was led by Insight Partners.

The company, which has raised $48.5 million in total capital to date, intends to use the funds to accelerate the adoption and deployment of its solutions across various service lines within the $400 billion post-acute care market.

LedBy CEO Joe Randesi, Element5Pre-built workflow automation solutions are provided by artificial intelligence (AI), powered robotic process automation (RPA). These solutions can be used to improve operational efficiency, recognize revenues, and allow post-acute healthcare organizations to focus their resources on improving patient outcomes.

HomeIt is used by senior living facilities, SNF, health, hospice, SNF, SNF to automate routine operations such as intake and admissions, revenue cycle management, clinical record management, notifications and authorizations.

TheCompany also has APAC headquarters in Chennai, India.



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