Radiology Performance Measurement Company Covera Buys CoRead

Covera Health, an AI-enabled diagnostic technology company focused on radiology performance measurement and impact, has announced both a $50 million funding round and the completion of an acquisition. Covera has purchased CoRead, an AI quality assurance company being used by more than 2,000 hospital sites nationwide. CoRead is using generative AI to focus on performance improvement in radiology, and its capabilities will be integrated into Covera Health’s platform. The Series C funding is led by Insight Partners, which also led its first two funding rounds. Covera said the additional funding, combined with the acquisition, will empower it to rapidly augment and scale its two-sided marketplace between payers and providers.

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Source: https://www.hcinnovationgroup.com/imaging/radiology/news/53077094/radiology-performance-measurement-company-covera-buys-coread

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