Olive, formerly known as CrossChx, is a healthcare-specific artificial intelligence and process automation company that empowers healthcare organizations to improve efficiency and patient care while reducing costly administrative errors.

Olive acts as the intelligent router between systems and data by automating repetitive, high-volume tasks and workflows, providing true interoperability. It' mission to build meaningful artificial intelligence that empowers and scales humans to achieve more than ever before.

Olive was founded in 2012 by Brad Mascho & Sean Lane. The company was formerly known as CrossChx and changed it's name to Olive in Sep 2018. Olive is based in Colombus, Ohio.

Olive provides AI solutions to healthcare organizations across the U.S., including hospitals, laboratories and the nation’s leading healthcare management systems. Olive acts as a digital workforce by automating repetitive, high volume tasks and workflows. As a result, Olive helps healthcare organizations improve efficiency and patient care, while reducing expensive administrative errors, improving cash collections and eliminating denials for no coverage.

Olive is more than just a basic Robotic Process Automation solution. Her advanced Computer Vision and Machine Learning skills, along with fundamental RPA capabilities, enable her to take an impact-driven approach to AI implementation, providing both immediate and long-term value to your healthcare organization.

Olive uses her healthcare-specific skills to address common bottlenecks when it comes to time-consuming, error-prone workflows – from claim status checks and account updates to prior authorizations and more. Most importantly, she does it with unrivaled security measures built for healthcare, working seamlessly with industry processes and technology. 

Olive has created AI-as-a-service (AIaaS) because we think the current purchasing model for AI is broken. Olive is the only healthcare-specific artificial intelligence solution sold as a service – that means one simple price and an all-in-one approach to optimized healthcare workflows and improved revenue.

 

Olive is backed by leading investors including Khosla Ventures, Silicon Valley Bank, General Catalyst, Oak HC/FT, Ascension Ventures, Drive Capital and others. The company raised $51M in a Series E round on Apr 01, 2020. This brings Olive's total funding to $123.8M to date.

 

 

  • Year founded: 2012
  • Funding Info: $123.8M over 6 Rounds (Latest Funding Type: Series E)
  • Yearly Revenue: $50M-$100M (2019)
  • Employee Size: 201-500
  • Business Valuation: NA
  • City/Town: Columbus
  • State: Ohio
  • Country: United States
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