Translucent AI, a financial platform powered by artificial intelligence and designed specifically for healthcare operators, has secured $7 million in an oversubscribed seed funding round from NEA, Virtue, FPV, and Redesign Health. Founded in 2024, the company aims to help healthcare providers manage growing financial challenges, including operating losses. The platform delivers detailed insights into the financial performance of different service lines and adapts to each organization’s unique business rules. With about $2.5 trillion flowing through healthcare providers annually, Translucent sees a significant opportunity to improve financial management in the sector.
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Jack O’Hara, CEO and co-founder of Translucent AI, shared his experience with the challenges faced by healthcare finance teams. “As a healthcare operator myself, I’ve seen how overwhelming the work can be for these teams,” he said. “They’re stuck with spreadsheets, dealing with manual data pulls, and struggling to give timely and useful insights to their leaders. We’re changing that by giving every operator their own personalized AI analyst. This analyst can bring up important insights, create reports, and help manage the business as it happens. This lets organizations focus on bigger, long-term decisions that help their patients and improve their profits.”
Blake Wu, Partner at NEA, explained why his firm chose to invest in Translucent AI. “We’ve been watching the healthcare agentic-AI area closely, and what became clear during our first meeting with Jack and his team was the amazing product they’ve developed and the serious problem they’re solving,” Wu said. “From our wide range of healthcare services, we’ve seen firsthand how well the Translucent platform fits the market and are excited to partner with Jack, Max, and the whole team.”
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Despite attempts to expand finance teams, many CFOs continue to face hiring and retention challenges. Since its launch last year, Translucent AI has been adopted by healthcare providers managing over $5 billion in combined revenue. Jen Boyer, CEO of Springfield Clinic, spoke about the platform’s impact on her organization. “It has always been very hard, manual, and time-consuming to understand and act on the details of real-time financials for healthcare organizations our size,” she said. “Translucent AI changed that overnight by giving our finance and operations teams immediate, actionable insights that were not possible before. In today’s healthcare environment, that kind of efficiency isn’t a luxury—it’s a necessity to keep our business moving forward.”
With this funding and growing adoption, Translucent AI aims to continue expanding its platform’s capabilities to support healthcare operators in making smarter, faster financial decisions while improving patient care outcomes.
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