Latent Health provides a pharmacy platform for health systems utilizing Clinical AI to streamline medication access processes. The platform automates prior authorizations, guideline adherence checks, appeal letter generation, and 340B program auditing. This technology accelerates time-to-therapy and improves operational efficiency within pharmacy departments.
Funding
$13.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The manual prior authorization (PA) process for medications is time-consuming and requires skilled professionals to sift through extensive electronic health records (EHRs). This can lead to delays in therapy initiation and create barriers to accessing life-saving medications, impacting patient outcomes and pharmacy efficiency.
Solution
Latent Health offers a generative AI-powered platform that automates and streamlines the medication prior authorization process. By indexing the entire EHR and extracting relevant patient data, Latent's medical language models (LLMs) enable rapid scaling of pharmacy operations while improving accuracy and ensuring compliance with clinical guidelines. The platform integrates natively with major EHR systems via SMART on FHIR, providing a seamless workflow for healthcare providers. Latent's AI-assisted search capabilities also optimize 340B qualification opportunities, potentially saving hospitals millions in annual drug spend.
Target Audience
Latent Health targets hospitals, health systems, and pharmacies, specifically pharmacy operations teams, clinical staff, and primary care providers involved in medication prior authorization and 340B program management.
Features
- Generative AI indexing of entire EHRs to surface relevant patient data
- AI-assisted search to document complex care scenarios and customized compliance criteria
- Native EHR integrations using SMART on FHIR with Epic and Oracle Health
- Support for specialty pharmacy PA, medical benefit PA, appeals, and 340B qualification
- AI algorithms that determine if patients meet NCCN guidelines and other clinical policies set by payors
- Generative AI to draft appeals letters based on patient documentation and resources like PubMed and BioArxiv
- Compliance with industry certifications (HIPAA, SOC 2)