Qventus
AI teammates that automate hospital operations, from OR scheduling to discharge planning
Updated 3d ago
Valuation
$400M
as of Jan 2025
Total raised
$201M
Series D
Est. revenue
—
~2025
Momentum
7/10
Maturity
6/10
Headcount
~256
Sells an AI-based care-operations automation platform to US hospitals and health systems. Core solutions: Surgical Growth (filling OR block time and growing surgical and robotics volume), Perioperative Care Coordination, Inpatient Capacity (discharge planning, length-of-stay reduction), Malnutrition Care Automation, and the Care Gap and Coding Automation Suite (Feb 2026). Its "AI Operational Assistants" combine ML forecasting, generative AI, and behavioral science to take over below-license administrative work inside EHR workflows; the newest frontier is patient-facing perioperative virtual assistants with human-in-the-loop oversight (Novant Health's "Aubrey," June 2026).
Revenue model
B2B enterprise SaaS sold to hospitals and health systems; multi-year subscriptions priced per solution/facility, with an explicit ROI-based value story (company claims 10-11x average annualized ROI). Strategic investor-customers (Northwestern Medicine, HonorHealth, Allina) double as reference accounts, and the AI Solution Factory adds co-development engagements on top of subscriptions.
No official disclosure. Third-party trackers as of early-mid 2026 estimate $34.4M-$37.9M annual revenue (up from GetLatka's ~$21.8M circa 2023-24), consistent with headcount growth from ~150 to ~256 and post-Series D enterprise expansion. No SEC entity exists for Qventus (verified via EDGAR company search July 2026), so no filed financials and no evidence of a new round since the Jan 2025 Series D. Fact-check July 2026: the $37.9M point estimate could not be confirmed by any primary or top-tier source (only low-tier tracker estimates), so estimateUSD is set to null; the tracker range above is retained for context.
Stated: become the AI operations layer for health systems by deploying "AI Operational Assistants" that automate below-license work across perioperative, inpatient, and outpatient settings, and co-create new assistants with clients via the AI Solution Factory. Inferred: land with high-ROI surgical growth (a revenue generator for hospitals, not a cost line), expand systemwide, then push into reimbursement-adjacent territory (care gap closure, coding automation) and patient-facing engagement (Novant's Aubrey pilot) where budgets are larger; keep AI trustworthy for risk-averse buyers via explicit human-in-the-loop oversight (HITL support hiring); use strategic health-system investors and the Oracle partner program for distribution; build out global back-office and finance functions (LatAm accounting hires) to position as a durable, ROI-proven asset ahead of a possible 2026-2027 IPO window.
Ten-plus years of hospital operational data, deep bidirectional EHR integrations, and a verified outcomes track record (KLAS, Frost & Sullivan, published ROI) that new LLM-agent entrants cannot quickly replicate; customer-investors, systemwide multi-solution contracts, and co-developed bespoke assistants (AI Solution Factory) raise switching costs; human-in-the-loop operational scaffolding around patient-facing AI is hard for pure-software rivals to match in regulated clinical workflows.
Patient-facing AI virtual assistants with human-in-the-loop oversight
highNovant Health launched 'Aubrey' (June 2026), a Qventus-powered perioperative patient assistant piloted in the Charlotte region - the first patient-facing deployment of its kind in the Carolinas - and Qventus is simultaneously hiring a 'HITL (human-in-the-loop) Technical Support Specialist' (Greenhouse, July 2026), indicating it is building an operational safety layer to scale patient-facing AI across clients.
AI Solution Factory: co-developing bespoke AI Operational Assistants with health systems
highDebuted at inaugural QLive conference (Sept 2025) with Allina Health formally announced as first client (Dec 2025); hiring a Principal Clinical Strategist (June 2026) signals investment in the clinical co-development muscle needed to turn the platform into a factory for new assistants and deepen systemwide contracts.
Expansion into revenue-cycle-adjacent automation (care gaps, clinical documentation, coding)
highFeb 2026 Care Gap and Coding Automation Suite explicitly targets missed diagnoses and reimbursement revenue - a much larger budget line than capacity management; Malnutrition Care Automation went live as the suite's first solution.
Distribution through EHR ecosystems, especially Oracle Health
mediumJoined Oracle's partner program in March 2026, opening the large non-Epic hospital installed base and countering the Epic-native tooling threat.
Care transitions beyond hospital walls (SNF alternatives, home-based post-acute pathways)
mediumCMO Jason Cohen's June 2026 MedCity News piece 'Care Without Walls: Scaling Alternatives to Skilled Nursing Facilities' extends the inpatient-capacity/discharge franchise toward post-acute transitions; Series D proceeds were earmarked for 'new care settings.'
Positioning for an IPO in the 2026-2027 window
lowNamed among 2026 healthcare-tech IPO candidates; KKR growth-equity backing, CCO hire, annual CIO thought-leadership reports, KLAS/Frost & Sullivan validation, and build-out of a global finance back office (remote LatAm Senior Accountant hiring, June 2026) fit a pre-IPO operational-maturity playbook.
Jul 2026
Hiring signals: HITL (human-in-the-loop) Technical Support Specialist, Principal Clinical Strategist, and remote LatAm Senior Accountant postings point to scaling patient-facing AI oversight, clinical co-development, and a global back office
Jun 2026
Novant Health launched 'Aubrey,' a Qventus-powered patient-facing AI virtual assistant for perioperative care coordination, in a phased pilot in the Charlotte region - the first deployment of its kind in the Carolinas
Apr 2026
Released second annual CIO report ('Beyond the Pilot') based on 60+ health-system CIO interviews; found 94% of CIOs say AI delays create competitive disadvantage
Mar 2026
Joined Oracle's partner program, extending reach into the Oracle Health EHR ecosystem
Feb 2026
Launched Care Gap and Coding Automation Suite targeting missed diagnoses, clinical interventions, and reimbursement revenue; Malnutrition Care Automation went live as its first solution
Jan 2026
Recognized by Frost & Sullivan as the 2025 North American leader in automated healthcare operations
Dec 2025
Formally announced Allina Health as the inaugural AI Solution Factory co-development client
Sep 2025
Held inaugural QLive client conference and launched the AI Solution Factory; released ROI outcomes (135K block hours, 10x average annualized ROI); Allina Health expanded to a systemwide multi-solution partnership
Jun 2025
Erlanger (Tennessee) partnership to deploy Surgical Growth Solution, expanding robotic surgery access and filling ~30% unused OR time
Mar 2025
Hired Jeff Evans as Chief Commercial Officer to accelerate enterprise growth
Feb 2025
Named Best in KLAS for Capacity Management 2025 with a 92.5 rating
Jan 2025
Raised $105M Series D led by KKR ($85M equity + $20M optional debt, ~$400M valuation) with Bessemer and strategic investors Northwestern Medicine, HonorHealth, and Allina Health
Mudit GargCo-founder & CEO
Ex-McKinsey consultant and serial entrepreneur (Hive, Vdopia); has led Qventus since founding it as analyticsMD in 2012.
Ian ChristopherCo-founder (technical)
Co-founded Qventus with Garg and has led its engineering/technical direction since inception.
Brent NewhouseCo-founder
Third co-founder; historically led customer success and commercial operations.
Jeff EvansChief Commercial Officer
Hired March 2025 post-Series D to accelerate enterprise growth across large health systems.
Abhinav MittalChief Technology Officer
Leads the technology organization behind the Qventus AI platform and AI Operational Assistants.
Jason CohenChief Medical Officer, Inpatient
Clinical leader for the inpatient capacity business; public voice on care transitions and skilled-nursing-facility alternatives ('Care Without Walls,' MedCity News, June 2026).
- Documented, quantified ROI: 135K OR block hours released, $95M annualized contribution margin from Surgical Growth in 2024, claimed 10-11x average ROI (e.g., Ardent Health +41% robotics volume; Allina +50 robotic cases and $5.8M contribution margin in Q4 2024)
- Best in KLAS for Capacity Management 2025 (92.5 score) and Frost & Sullivan 2025 North American leader in healthcare operations automation
- Deep strategic alignment: health-system customers (Northwestern Medicine, HonorHealth, Allina Health) invested in the Series D
- KKR-led balance sheet ($105M Series D) in a category where most rivals are smaller or point solutions
- A decade-plus of hospital operations data and EHR-embedded workflow integration creates high switching costs
- Expanding blue-chip customer roster: Banner Health, NewYork-Presbyterian, OhioHealth, Ardent Health, Boston Medical Center, Erlanger, Novant Health
- Revenue scaling: third-party estimates rose from ~$22M (2024) to ~$34-38M (2025-26) with headcount up ~50% to ~256 across five continents
- Revenue scale (~$34-38M est.) is still modest for a 14-year-old company; growth was slow pre-2024
- $400M Series D valuation and funding velocity lag hotter healthcare-AI peers (Abridge, Ambience, OpenEvidence), which could hurt talent and mindshare
- Co-development-heavy model (AI Solution Factory) plus human-in-the-loop support roles risk services drag and slower gross-margin scaling
- Category exposure to EHR incumbents: Epic's native OR/capacity tools and Oracle Health could bundle similar automation for free
- US hospital-only TAM tied to capital-constrained, slow-sales-cycle buyers
- No new capital raised since Jan 2025 while expanding into patient-facing AI and coding automation - execution must be funded from the Series D and revenue
- Epic and Oracle Health building capacity/OR optimization natively into the EHR, commoditizing the category
- Hospital margin pressure and IT budget cycles slowing enterprise deals despite ROI claims
- Well-funded AI-agent competitors (LeanTaaS, Artisight, big-tech platforms) converging on hospital operations
- Move into coding/care-gap automation puts it against entrenched revenue-cycle vendors and raises compliance/audit scrutiny
- Patient-facing assistants (Aubrey) create new safety, HIPAA, and reputational exposure; an AI error reaching a pre-surgical patient would be far more damaging than a back-office miss
- ROI claims are largely self-reported; a high-profile customer failure could damage its outcome-based positioning
Competitors
Technologies
Partnerships
Hiring: AI Tooling Engineer — Remote, United States (Greenhouse)
Hiring: Senior Accountant (US-remote) — Remote, United States (Greenhouse)
Total raised updated after full re-research.
Intelligence profile re-researched for Qventus.
Predicting Effects of Covid 19 on US Healthcare Capacity (Hacker News)
Initial intelligence profile created for Qventus.
- businesswire.com/news/home/20250113993134/en/Qventus-Announces-$105-Mill
- media.kkr.com/news-details?news_id=1212261d-299a-4108-aff0-d9a52f8ead2b
- news.crunchbase.com/venture/ai-healthcare-startups-raise-big-qventus-inn
- techcrunch.com/2025/01/13/more-money-comes-to-ai-healthcare-qventus-nabs
- fiercehealthcare.com/finance/qventus-raises-105m-series-d-new-level-reso
- qventus.com/company/newsroom/
- businesswire.com/news/home/20250918799800/en/Qventus-Drives-Next-Wave-of
- qventus.com/company/newsroom/qventus-announces-allina-health-as-its-inau
- businesswire.com/news/home/20260115783768/en/Qventus-Recognized-by-Frost
- businesswire.com/news/home/20260226793642/en/Qventus-Launches-Care-Gap-a
- businesswire.com/news/home/20260305315375/en/Qventus-Joins-Oracles-Partn
- morningstar.com/news/business-wire/20260409296812/qventus-releases-secon
- novanthealth.org/newsroom/novant-health-introduces-aubrey-a-virtual-assi
- distilinfo.com/2026/06/05/novant-health-tests-ai-virtual-assistant/
- qventus.com/company/newsroom/erlanger-and-qventus-partner-to-expand-robo
- medcitynews.com/2026/06/care-without-walls-scaling-alternatives-to-skill
- profiles.crustdata.com/company/qventus
- leadiq.com/c/qventus-inc/5a1d9d3b2300005c008d1617
- getlatka.com/companies/qventus.com
- tracxn.com/d/companies/qventus/__Pihf_fy5cXdUExh47gVK94MN4wC8B77ChhHnJ9o
- qventus.com/company/working-qventus/job?gh_jid=4266961009
- qventus.com/company/working-qventus/job?gh_jid=4232990009
- qventus.com/company/working-qventus/job?gh_jid=4288979009
- qventus.com/company/newsroom/qventus-expands-its-leadership-team-hires-c
- healthcare.digital/single-post/healthcare-technology-ipo-candidates-for-