Qualified Health, a company providing a secure enterprise AI platform for health systems, announced Wednesday it raised $125 million in an early-stage funding round. Founded in 2023, the firm aims to integrate AI into healthcare systems safely and efficiently, avoiding costly and risky pilot programs.
New Enterprise Associates led the Series B funding round, joined by Transformation Capital, GreatPoint Ventures, Cathay Innovation, and Menlo Ventures’ Anthology Fund, among others. Co-founder and CEO Justin Norden emphasized the company's commitment to deepening partnerships and proving AI’s potential to lower costs and improve patient outcomes.
The Qualified Health platform currently supports over 500,000 users across health systems representing around 7% of hospital revenue in the United States. Notable partners include Mercy, Emory Healthcare, University of Rochester Medicine, Jefferson Health, and all eight health institutions of the University of Texas System.
Peter McCaffrey, MD, chief AI and digital officer at the University of Texas Medical Branch, praised Qualified Health for its deep expertise and collaborative approach. According to a report from Grand View Research, the global AI market in healthcare is expected to reach $506 billion by 2033, with the U.S. accounting for nearly 54% of the market.
Qualified Health stresses that safety and governance are integral to their platform, ensuring full traceability and continuous monitoring of AI decisions.