Founded Year

2020

Stage

Series A - II | Alive

Total Raised

$25M

Last Raised

$7.5M | 9 mos ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+331 points in the past 30 days

About Thoughtful AI

Thoughtful AI provides artificial intelligence (AI) enabled revenue cycle management (RCM) automation for the healthcare sector. The company has AI agents that automate key RCM tasks such as eligibility verification, prior authorization, coding and notes review, claims management, denials management, and payment posting. The AI agents operate within existing RCM technology stacks. It was founded in 2020 and is based in Austin, Texas.

Headquarters Location

823 Congress Avenue Suite 300

Austin, Texas, 78701,

United States

737-937-6572

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Research containing Thoughtful AI

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Thoughtful AI in 2 CB Insights research briefs, most recently on Mar 11, 2025.

Expert Collections containing Thoughtful AI

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Thoughtful AI is included in 3 Expert Collections, including Artificial Intelligence.

A

Artificial Intelligence

7,221 items

D

Digital Health

11,305 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

A

AI agents

286 items

Companies developing AI agent applications and agent-specific infrastructure. Includes pure-play emerging agent startups as well as companies building agent offerings with varying levels of autonomy. Not exhaustive.

Latest Thoughtful AI News

How Thoughtful AI Implementation Can Rebuild Trust in Healthcare

Jan 24, 2025

Stephanie Rosner, Scientific Program Manager, Artificial Intelligence for  DIA Imagine a physician and a patient sitting quietly together in an examination room. The physician’s eyes are focused on a computer screen as she speaks in brief sentences about elevated A1C levels and the challenges of managing blood sugar through lifestyle changes and medication. The patient nods along silently and anxiously while holding an incomprehensible sheet of lab results and struggling to process her Type 2 diabetes diagnosis. The entire interaction lasts five minutes. The physician, already 17 minutes behind schedule, moves to her next patient frustrated that she couldn’t explain the diagnosis more clearly. The patient leaves with a new prescription and instructions for monitoring her blood sugar levels, then spends the afternoon trying to understand the implications of her condition and the details of the treatment plan. Encounters like these form the foundation of a deepening crisis in American healthcare. One study found that trust in physicians and hospitals has plummeted from 71.5% in April 2020 to 40.1% in January 2024 — an erosion partly tied to the COVID-19 pandemic. Meanwhile, 60% of Americans grade the healthcare system C or worse , and 70% express a desire for stronger relationships with their healthcare providers (HCPs). This erosion of trust occurs as advancements in artificial intelligence (AI) are changing how we view healthcare and look for information about our conditions and treatment options. Despite concerns surrounding data biases and potential errors, generative AI tools can help rebuild trust in medical establishments and strengthen the patient-provider relationship — if providers are committed to using these tools ethically and responsibly. Building better clinical relationships Clinicians are in a tough situation: Because they’re stretched so thin, maintaining a high quality of care has become increasingly challenging from logistical and psychological standpoints. Many are turning to AI to help. A recent survey determined that 76% of physicians have started incorporating large language models (LLMs) into their clinical decisions. There are countless benefits to using AI in clinical settings. AI tools can handle documentation and treatment planning, so clinicians can focus on patient care. Additionally, AI-powered ambient clinical intelligence can transcribe patient encounters in real-time, allowing physicians who use these services to have more meaningful patient conversations. Increasing the patient’s understanding The moments after a medical appointment often bring more questions than answers. Patients struggle to recall their physician’s explanation, understand their diagnosis, or make sense of their treatment instructions. Clear communication is vital to strengthening their relationship. AI can convert medical terminology from an eleventh-grade reading level to a sixth-grade reading level (the accepted standard for health literacy), thereby offering patients a clearer understanding of their diagnosis and treatment. One emergency room doctor tried unsuccessfully to explain to an elderly patient’s children why their treatment suggestions would worsen their mother’s condition, so he turned to ChatGPT . “As I recited the AI’s words, their agitated expressions immediately melted into calm agreeability,” he wrote. Confusion and frustration are magnified when physicians and patients don’t speak the same language. Language barriers have been shown to result in more frequent adverse events, reduced access to health information, and diminished care satisfaction. Beyond basic translation, AI-powered services can be trained to understand cultural nuances and medical terminology across different dialects — and they’re only getting stronger. AI can also help overcome fundamental access restrictions. Specialized medical chatbots, including one for cancer patients , may offer on-demand, cost-effective preliminary diagnostic guidance and health information to patients who lack immediate access to care. They can also alert patients when their condition requires in-person medical attention. AI therefore can put knowledge in patients’ hands. It can deliver customized content about conditions, treatments, and preventive care. Patients can show up for appointments prepared with a greater understanding of their illnesses, and physicians can verify their diagnoses or find common ground with patients. Detailed treatment explanations enable more informed healthcare decisions — and a feeling that your doctor is there for you. Ensuring safety and privacy is crucial Make no mistake, AI needs considerable human oversight and rigorous safeguards to be effective in healthcare settings. Clinicians must address privacy concerns and assure the quality of any output as well as the quality of the data sources utilized if they wish to use AI to rebuild and maintain patient trust. AI implementation must be systematic and thoughtful. More than 200 guidelines exist globally to direct appropriate AI use in healthcare settings, including some laid out by the U.S. Food and Drug Administration (FDA). Providers recognize that AI and LLMs in particular still require human oversight: 97% of them report consistently vetting LLM outputs before clinical application. Any clinical AI tool must comply with the most stringent patient data encryption requirements, including HIPAA. Clinicians may also wish to receive patient consent before using AI in order to maintain transparency. Deloitte found that 80% of patients want to know how their providers use AI in delivering care. Once a physician begins using AI, its outputs must be reviewed continually to verify their accuracy. Errors must be tracked to improve the models. All staff members on a clinical team must undergo training to understand AI’s capabilities and limitations. Most importantly, the focus must remain on augmenting, rather than replacing, human medical expertise. Like any other tool, AI is a resource that should help HCPs be more efficient, leaving them more time for meaningful and empathetic patient interactions. Providers must maintain the essential human elements of medical care to give patients what they need and want and to preserve the heart of the patient-provider relationship. Embracing a future with AI Consider again the physician and diabetic patient in that examination room. AI now offers tools to transcribe their conversation, explain complex lab results in clear terms, and provide the patient with understandable information about diabetes management. The physician spends less time documenting and more time answering questions. The patient leaves with confidence in her treatment plan and renewed assurance in the provider’s care. As healthcare systems implement AI tools thoughtfully and securely, they create opportunities for stronger connections between clinicians and patients, leading to restored trust in medical care and improved health outcomes. Utilizing models with trustworthy, diverse data sets, and constant validation and improvement will be critical to ensuring the best AI outcomes. About Maria Vassileva, PhD Maria Vassileva is the Chief Science and Regulatory Officer for DIA . Dr. Vassileva has decades of experience with managing complex multi-stakeholder biomedical research programs. She spent most of her career in the nonprofit sector, leading the Science Team at the Arthritis Foundation, and working at the Foundation for NIH and the American Association for the Advancement of Science. She was also on the leadership teams of two health research organizations, serving as project director on multiple government contracts. Her areas of expertise include musculoskeletal, metabolic, immunity and inflammation disorders, as well as patient engagement. She received her PhD in Biochemistry and Cell Biology from Johns Hopkins. About Stephanie Rosner Stephanie Rosner is the Scientific Program Manager of Artificial Intelligence for DIA , where she is dedicated to fostering ethical AI design and advancing technology with a human-centric approach. Rosner has held project management and business development roles at Mathematica Policy Research and Optum, working with stakeholders to ensure ethical and equitable outcomes and policies related to advancements in health projects.

Thoughtful AI Frequently Asked Questions (FAQ)

  • When was Thoughtful AI founded?

    Thoughtful AI was founded in 2020.

  • Where is Thoughtful AI's headquarters?

    Thoughtful AI's headquarters is located at 823 Congress Avenue, Austin.

  • What is Thoughtful AI's latest funding round?

    Thoughtful AI's latest funding round is Series A - II.

  • How much did Thoughtful AI raise?

    Thoughtful AI raised a total of $25M.

  • Who are the investors of Thoughtful AI?

    Investors of Thoughtful AI include Drive Capital and TriplePoint Capital.

  • Who are Thoughtful AI's competitors?

    Competitors of Thoughtful AI include Candid Health and 7 more.

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Compare Thoughtful AI to Competitors

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Mantys

Mantys is a company that focuses on automating revenue cycle management (RCM) for the healthcare sector. It offers AI-driven solutions that transform unstructured healthcare documents into structured data, automate front-end operations, and streamline claim reviews and reconciliations. Mantys AI Agents integrate with electronic health records and practice management systems to enhance productivity and financial accuracy for healthcare providers. It was founded in 2022 and is based in Bengaluru, India.

i
innoviHealth

InnoviHealth is a company that specializes in providing coding, reimbursement, and compliance resources within the healthcare sector. Its main offerings include an extensive online library for medical coding and billing, platforms for diagnostic coding and medical chart abstraction, and databases for healthcare abbreviations. The company primarily serves professionals in the healthcare industry seeking coding and billing solutions, compliance information, and certification support. It was founded in 1997 and is based in Spanish Fork, Utah.

H
Hansei Solutions

Hansei Solutions provides revenue cycle management for the healthcare sector, focusing on addiction and mental health facilities. The company offers services that include billing, utilization review, credentialing, and denial management, which assist clients with cash flow and compliance. Hansei Solutions serves the behavioral healthcare industry, offering solutions that address the challenges and opportunities within this sector. It is based in Los Angeles, California.

Q
Quadax

Quadax specializes in healthcare revenue cycle management software solutions within the healthcare industry. The company offers a suite of services that streamline payment processes, manage claims, optimize reimbursements, and handle denials, all aimed at improving the financial performance of healthcare providers. These solutions are designed to support various healthcare sectors, including hospitals, laboratories, physician groups, and telehealth services. It was founded in 1973 and is based in Cleveland, Ohio.

T
Triage Consulting Group

Triage Consulting Group, part of Cloudmed, specializes in healthcare revenue cycle management and revenue intelligence solutions. The company provides services including denials recovery, complex claim referrals, and accounts receivable recovery, supported by a data-driven technology platform. Cloudmed serves the healthcare industry. It is based in San Francisco, California.

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Cedar

Cedar focuses on reducing administrative friction in the healthcare system through its enterprise fintech platform. The company offers a platform that connects providers and payers, optimizing the patient experience from pre-service through payment without using overly technical language. Cedar primarily serves the healthcare industry, including providers and payers, by offering solutions that integrate with electronic health records (EHRs) and enhance the end-to-end digital patient experience. Cedar was formerly known as Careportal. It was founded in 2016 and is based in New York, New York.

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