Coral

Coral, a startup focused on automating healthcare's administrative processes, has raised $12.5 million in a funding round led by Lightspeed and Z47. The company addresses the significant delays caused by administrative burdens in American healthcare, such as lost referrals and unprocessed paperwork. Coral's innovative approach integrates with existing systems to streamline tasks like patient intake and prior authorizations, achieving 99.7% accuracy in document processing. With multi-million dollar revenues and plans for expansion, the funding will support team growth and product development.