Announcing Our $11M Series A and Competitive Market Analysis
By: Dilpreet Sahota, CEO & Co-Founder of Trek Health
Today marks a pivotal milestone for Trek Health. We’re thrilled to announce the close of our $11 million Series A round, led by Madrona with participation from Accrete Health Partners (venture arm of Bon Secours Mercy Health), LifeX Ventures, Correlation Ventures, SNR Ventures, and Founder Collective. This isn’t just a funding event—it’s a vote of confidence in our mission to eliminate opacity from payer data and replace administrative complexity with clear, actionable intelligence.
Our Vision: Empowering Health Systems
My dedication to transforming healthcare payments is rooted in personal tragedy. After losing a loved one to leukemia, I painfully witnessed how convoluted pricing structures can leave both patients and providers at a disadvantage. That experience became the foundation of Trek Health’s vision: harness vast convoluted public data sets and turn them into straightforward insights so health systems can secure fair, equitable reimbursement. By equipping health systems with transparent, actionable payment data, Trek Health not only ensures fair reimbursement but ultimately improves access and outcomes for patients.
The Challenge: Navigating an Opaque System
Healthcare organizations today face three major hurdles:
1. Opaque Payment Data: Despite rules like Transparency in Coverage, raw payment files remain dense and difficult to interpret.
2. Shrinking Reimbursements: Providers struggle with rising operational costs and narrowing margins.
3. Administrative Overload: Teams spend countless hours managing complex workflows instead of focusing on patient care.
Without a data-driven strategy, contract negotiations rely on guesswork and imprecise benchmarks—leading to missed revenue and inefficiencies.
Our Solution: AI‑Powered Negotiation Support
Trek Health’s platform serves as your negotiation co‑pilot by transforming complex, machine-readable files into strategic intelligence. We deliver:
- Data Aggregation & Normalization: Clean, consolidate, and benchmark millions of payer‑provider contract rates for a crystal‑clear view of market conditions.
- Actionable Insights: Surface hidden revenue opportunities and underpayment risks to guide negotiation strategy.
- Integrated Workflow Tools: Embed seamlessly into existing systems and processes, giving healthcare leaders a unified dashboard for managing contract performance.
Introducing Competitive Market Analysis
Today, we’re proud to unveil our newest feature: Competitive Market Analysis (CMA). Designed specifically for healthcare CFOs and contract negotiators, CMA uses intuitive heat maps and advanced data modeling to:
- Benchmark in Real Time: See exactly where your rates stand against current market averages.
- Simulate Negotiation Scenarios: Model potential rate changes and revenue impact before you enter the room.
- Recommend Winning Strategies: Leverage AI‑driven guidance to prioritize opportunities and secure better terms.
Early adopters are already seeing results: one major provider group achieved a 15% rate increase in one of their largest market payers by using our insights.
A Call to the Healthcare Community
At Trek Health, we believe every provider organization deserves clarity, confidence, and fairness in reimbursement. Opaque data not only hurt financial performance—but can ultimately impact patient care. We invite healthcare executives, CFOs, and provider leaders to explore our platform and discover how transparent data and AI‑powered insights can unlock new revenue streams, streamline negotiations, and elevate care delivery.
Thank you for joining us on this journey to a more equitable, efficient healthcare ecosystem - meet with us to learn more!
