The company’s platform significantly reduces insurance verification time that once spanned weeks and has achieved a 99.8% success rate in securing insurance approvals.
Silna Health is tackling a problem that plagues the American healthcare system: the broken and outdated prior authorization process that forces millions of patients to endure delays in accessing essential treatments.
By leveraging artificial intelligence, Silna Health’s platform streamlines prior authorization, benefit checks, and eligibility verification, slashing approval times from weeks to hours and significantly reducing the administrative burden for healthcare providers.
In a significant stride toward revolutionizing healthcare administration, Silna Health has announced a total of $27 million in funding, with a recently closed $22 million Series A round co-led by Accel and Bain Capital Ventures.
This round builds on a previously unannounced $5 million seed round, also led by the same investors, along with a lineup of high-profile angel investors including the co-founders of Ramp, Opendoor, Truework, and Eight Sleep.
A Crisis in Care Delays
Prior authorization—the insurance requirement to obtain pre-approval before certain treatments or services—has long been a bottleneck in the U.S. healthcare system. According to the American Medical Association, 93% of physicians report that these delays have led to patient harm. At the same time, hospitals and clinics are overwhelmed with paperwork, with administrative costs accounting for over 40% of total hospital expenses.
“Every day, Americans are forced to wait weeks or months for critical medical treatments while insurance paperwork piles up on fax machines,” said Jeffrey Morelli, co-founder and CEO of Silna Health. “We’re bringing modern technology to a broken system that hasn’t changed since the 1970s.”
Bringing AI to the Front Lines of Healthcare Administration
Silna Health is positioning itself as a pioneer in front-end revenue cycle management (RCM) by offering a consolidated platform that integrates with eight major insurance portals. The AI-powered system has already served over 50,000 patients, accelerating access to critical services like behavioral therapy, hospice care, and cardiac rehabilitation.
The platform reduces insurance verification time from 30 minutes to just 30 seconds and has achieved a 99.8% success rate in securing insurance approvals. Approval times that once spanned multiple weeks are now completed in as little as four hours.
For healthcare providers, especially those in specialty clinics like Applied Behavior Analysis (ABA), occupational therapy, and rehabilitation, this can mean fewer administrative headaches and more time spent on direct patient care. In some practices, tasks that would traditionally require four to five staff members are now handled automatically, freeing up resources for higher-value work.
Investor Confidence in a Proven Team
“What stood out to us about Silna Health is the team’s unique combination of expertise in financial automation and scaling high-growth companies,” said Amit Kumar, partner at Accel. “The founding team brings a fresh perspective to an entrenched problem in healthcare, applying proven technical approaches to streamline cumbersome processes.”
Kevin Zhang, partner at Bain Capital Ventures, echoed that sentiment. “The relationship between payors, patients and providers has been evolving for a decade: insurers want to make sure procedures are necessary, doctors are struggling to keep up with the paperwork and patients just want to afford care,” Zhang said. “We’re investing to support Silna Health’s differentiated application of artificial intelligence and automation capabilities that expedite this process.”
A Vision for the Future of Healthcare Access
Silna Health’s mission is clear: ensure that no claim is denied due to prior authorizations. With their AI-driven approach, the company aims to remove administrative friction and ensure patients receive timely care, while helping providers navigate a system that has long been stuck in the past.
Since its founding in 2023, Silna Health has rapidly become a go-to platform for healthcare providers nationwide. Headquartered in New York, the company is actively partnering with medical practices to transform the administrative landscape of healthcare delivery.
As Silna Health scales its operations, the newly raised funding will likely accelerate product development, expand integrations across additional insurance portals, and deepen the company’s national footprint. With an emphasis on speed, accuracy, and accessibility, the company is not just addressing inefficiencies—it’s aiming to redefine how healthcare administration works in the 21st century.
