Coral AI

Coral AI is a New York-based healthcare process automation platform founded in 2024 by Ajay Shrihari, a robotics and AI researcher, and Aniket Mohanty, an expert in medical image processing. The company addresses the healthcare industry's administrative burden by automating complex manual workflows that delay patient care and increase operational c... osts. Coral AI specializes in processing referral packets, faxes, forms, and prior authorization requests by extracting relevant patient data, checking insurance eligibility, reasoning through clinical criteria, and drafting authorizations for human review and submission. The platform integrates with existing healthcare systems to automate tasks across patient intake, prior authorization, billing, compliance, and patient outreach. Coral AI's models achieve accuracy rates exceeding 98 percent and currently process over 500,000 patient workflows monthly. Healthcare providers using the platform have reduced intake times by 81 percent, from 21 minutes to just 4 minutes per patient. The company has experienced significant growth, with revenue scaling more than eightfold over seven months, and is backed by Lightspeed Venture Partners along with strategic investors from OpenAI and Zapier.Read More