Company Raises $3.85M in Seed Funding led by Caduceus Capital Partners, with Participation
from Bread and Butter Ventures; Announces Collaboration with Mayo Clinic
SAN FRANCISCO, Feb. 14, 2025 — VoiceCare AI, a healthcare administration general intelligence (HAGI) company, announced plans to automate back-office conversations and super-staff the workforce through the application of generative AI. The company’s agentic architecture platform is built to optimize and ease administrative burden and radically improve operational efficiency. With $3.85 million in funding led by Caduceus Capital Partners, and participation from Bread and Butter Ventures, VoiceCare AI seeks to improve access, adherence, and outcomes for patients and the healthcare workforce, putting the focus back on patient engagement.
Every year, countless calls with long hold times occur in the healthcare system, transferring and copying data, verifying statuses and follow-ups, or starting a process. According to McKinsey & Company, healthcare administration in the United States currently accounts for $1 trillion of the $4.5 trillion total healthcare spend, and more than 90% of healthcare-related calls are still being handled manually between humans. VoiceCare AI is looking to tackle this challenge head-on with “Joy,” its human-like voice AI agent built to support long, complex, and highly nuanced conversations and extended hold times.
“Imagine a world where the time spent on manual phone calls and faxes is replaced by meaningful patient interactions. With generative AI, we want to make this a reality,” said Parag Jhavari, founder and CEO of VoiceCare AI. “By automating conversations in a way that feels genuinely human, we seek to give back time to healthcare professionals so they can focus on high-order patient care, driving radical efficiencies with every conversation. That’s why we created “Joy,” our voice AI agent. We want to give healthcare professionals more time to focus on what truly matters—caring for patients.”
VoiceCare AI also announced a pilot with Mayo Clinic to employ its intelligent voice automation for use cases including patient pre-authorization and benefit confirmations within three separate areas – the Department of Neurology, Department of Pediatrics, and Medical and Administrative Support Operations.
The funding will support team expansion, enhanced sales and marketing efforts, and continued investment in enhancing platform accuracy, security and compliance.
“At Caduceus Capital Partners, we’re passionate about funding technologies that improve efficiency and reduce administrative costs. VoiceCare AI has the potential to provide a much-needed solution to providers, and we’re proud to support this team as they grow the business,” said Dave Vreeland, senior managing partner at Caduceus Capital Partners.
“VoiceCare’s technology has potential to empower clinical and healthcare staffing teams to focus on patient care and alleviate administrative burdens,” said Mary Grove, Managing Partner at Bread and Butter Ventures. “They are attempting to solve pain points we’ve all experienced as patients and driving value for patients, providers, and payers. We’re thrilled to back Parag’s big vision to tech-enable the administrative layer of healthcare.”
How it Works
Every year healthcare administrators and providers spend 60-80% of their time on insurance- and billing-related tasks instead of patient care. VoiceCare AI transforms B2B voice conversations through intelligent automation. Its AI platform handles payer communication, from benefits verification to prior authorizations and claims follow-ups. By automating time-consuming calls, the company seeks to free staff from hours of hold times while maintaining detailed documentation and a call summary of every interaction. The system is designed to integrate seamlessly with existing workflows and provides near real-time status updates.
The company’s technology leverages advanced multi-modal, multimodal agentic architecture with reinforcement learning from human feedback (RLHF) and proprietary healthcare conversational data to achieve a near-perfect call completion accuracy rate, with a majority of calls completed autonomously using AI. VoiceCare’s development team takes a safety-focused approach as the platform is HIPAA compliant and SOC 2 Type II attested.
The VoiceCare advisory board has deep healthcare, technical and AI experience. They include: Andrew Vaz, Mary Grove, Paul Conley, Mark Nathan, James Fan, and Dr. Sheena Menezes.
Mayo Clinic has a financial interest in the technology referenced in this press release. Mayo Clinic will use any revenue it receives to support its not-for-profit mission in patient care, education and research.
About VoiceCare AI
VoiceCare AI is a healthcare administration general intelligence (HAGI) company built to automate back-office conversations and super-staff the workforce through the application of generative AI. The company’s AI voice-based automation and agentic AI architecture massively eliminates administrative burden and improves operational efficiency. “Joy,” its human-like voice AI agent, is capable of supporting long, complex, and highly nuanced conversations and extended hold times. VoiceCare AI has raised $3.85 million in seed funding led by Caduceus Capital Partners, and participation from Bread and Butter Ventures. For more information, visit us at Voicecare AI and follow us on LinkedIn and YouTube.
Media Contact
Audrey Mann Cronin
[email protected]
SOURCE VoiceCare AI
