Phare Health has successfully raised £2.5 million in a pre-seed funding round, led by General Catalyst, to advance the development of AI products tailored for healthcare. The startup is dedicated to utilizing AI for non-clinical administrative tasks, aiming to alleviate the burden on staff and budgets in healthcare institutions. In a time when many healthcare systems are grappling with financial challenges, Phare Health's initial product harnesses large language models to help hospitals collect high-quality data on their care services. This data not only aids in resource management but also enhances patient care standards by converting patient notes into structured, usable data for administrative, operational, and finance teams.

‍

Dr. Martin Seneviratne, co-founder and co-CEO of Phare Health, emphasizes the importance of AI in the healthcare back office, where it can efficiently handle low-risk, manual administrative tasks, allowing clinicians to focus more on patient care.

‍

The company plans to use the funding to further develop its AI system by recruiting experts in AI and healthcare across key markets. Ultimately, Phare Health aims to create a real-time, action-oriented intelligence engine for healthcare systems based on structured data.

‍