Cascade Health Announces Venture Funding Round to Build Intelligent Platform for Healthcare Transparency

Cascade Health, an intelligent platform for healthcare transparency, announced it has raised $1.7 million in venture funding led by AlleyCorp with participation from other strategic angel investors. The company also announced the launch of its first two products: a generative AI assistant to personalize the consumer experience with full visibility around cost and quality of care, as well as APIs that allow companies in the healthcare industry to access data on demand and use it to build their own internal and external products.

As healthcare costs have continued to rise in the US, the system has also grown more complex and increasingly opaque. In an effort to counter this, the US government has recently mandated that hospitals and insurance companies publicly disclose pricing data for procedures across the country. Both parties have done so, but in massive files that can’t be opened or used without substantial computing power.