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Medical claims automation startup Camber raised a $30 million Series B led by Andreessen Horowitz, CEO Christophe Rimann tells Axios exclusively.

Why it matters: Billing snafus and denial ping-pong costs providers precious time and money.

Follow the money: K Ventures and Y Combinator joined Camber's Series B.

Funds will power Camber's expansion from behavioral health into home health, long-term care, and substance use disorder treatment.

The money gives the company six to seven years of runway, Rimann tells Axios.

Flashback: Formerly known as Juniper, the New York City startup has collected $50 million in funding to-date, per Rimann.

How it works: Camber's data models spot and address issues with insurance claims before they lead to the dreaded "denied" stamp. 

The company only gets paid for claims that are processed successfully. 

"If you collect from insurance companies, we get paid, otherwise, we get nothing," says Rimann.

What they're saying: Andreessen Horowitz general partner David Haber made an angel investment in Camber before joining the firm, and says he became confident in the startup's tech after introducing them to Los Angeles based autism therapy provider InterCare.

"We got to conviction because of the impact they were having on that business," says Haber. "They were incredibly happy."

By the numbers: Camber tracks its success rates — captured as the percentage of dollars it helps providers secure without human intervention — over time.

On a first pass, the tools have a median success rate of 92.8%, per Rimann. That rate rises over time to 95% for claims collected after 60 days and to 98% for bills collected after a year.

The latest: Camber has 60 to 70 customers ranging from small clinics with five providers to enterprise clients with 9,000 employees.

The vast majority are small clinics, per Rimann, who says Camber has roughly four or five customers with more than 1,000 employees and roughly 18 with more than 500 employees.

Well over 70% of those customers serve patients who use Medicaid, he adds.

Catch up quick: The company began building its technology stack as Juniper in 2021 with a focus on behavioral health, during the pandemic-era rise in demand for mental health services.

What's next: Camber wants to be a kind of Swiss Army knife for billing: "The dream for us is any provider can take any patient with any insurance because Camber will just handle it," Rimann says. 

Reality check: Widening its approach from behavioral health to other verticals will require time and effort among Camber's staff in adapting to the billing nuances of each field and provider.

The bottom line: Rimann is betting that the right mix of data science, automation, and incentive alignment can lead them to success.

Exclusive: Camber gets $30M for medical claims automation

Formerly called Juniper, the SF startup has secured a total of $50M to date.

Illustration of a red pen held by a robot hand marking up a medical bill.

Medical claims automation startup Camber raised a $30 million Series B led by Andreessen Horowitz, CEO Christophe Rimann tells Axios exclusively.Why it matters: Billing snafus and denial ping-pong costs providers precious time and money.

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Exclusive: Camber gets $30M for medical claims automation

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