Third Way Health Announces $15 Million Series A

Gunderson Dettmer represented Third Way Health, a leading AI-enabled services partner for healthcare organizations, in its $15 million Series A financing by Health Velocity Capital. 

Third Way Health is a cutting-edge AI powered healthcare services platform focused on revolutionizing the front office of medical practices and business operations for payers, medical services organizations, and more. The company will use the new funding to accelerate customer growth, expand its operational footprint, and further advance its automation roadmap. It also plans to invest in scaling its sales and implementation teams, deepening its AI capabilities, and enhancing its platform to support a growing base of customers.

“The future of healthcare includes AI, but AI does not replace humans,” said Frederik Mueller, Co-Founder and CEO of Third Way Health, in the announcement of the transaction. “We are at an inflection point where intelligent automation can truly optimize practices, freeing healthcare providers to focus on patients. Healthcare practices are ready for solutions that offer sustainable growth, and we are excited to lead the charge. We operate as a true extension of our customers’ teams, moving at their pace, absorbing operational volatility, and advocating relentlessly for what’s best for the practice so that every partnership delivers a genuine win-win. With this funding, we can continue redefining front-office operations and patient care.”

The Gunderson deal team was led by Randall Clark and included Rosie Stein, Darryl Long, Erica Davis, Lawrence Ho, and Jaime Lacson.

Companies
Third Way Health
Health Velocity Capital