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Element5
AddedFeb 15, 2024
UpdatedJun 18, 2026
Element5

Element5

Series B

Element5: AI & Robotic Process Automation service provider, streamlining post-acute care operations.

HQ
San Jose, CA, US
Founded
2019
Overview
Compare
Fundraising
Employees
Website

Element5, founded with the mission to revolutionize post-acute care operations, leverages AI and Robotic Process Automation (RPA) to streamline complex workflows. The company's core vision is to minimize manual intervention in routine operational tasks, thereby accelerating speed to care and optimizing financial outcomes. Element5 offers a suite of automation services focusing on eligibility, authorization, and revenue cycle management (RCM), positioning itself as a trusted partner for industry leaders in the healthcare sector.

Notable affiliated individuals and investors include key industry leaders who have recognized the transformative potential of Element5's platform. The company has achieved significant milestones, such as reducing administrative burdens and reallocating resources to enhance clinical and field support. Element5's impact is evident in its ability to improve operational efficiency and financial performance for post-acute care providers, solidifying its role as a pivotal player in healthcare automation.

Element5 - Similar Companies

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Element5 - Quick Facts

Who are Element5's competitors?

Companies similar to Element5 include Elementum, Thoughtful AI, eternalHealth and Outlift AI.

When was Element5 founded?

Element5 was founded in 2019.

Where is Element5's headquarters located?

Element5's headquarters is located in San Jose, CA, US.

When was Element5's last funding round?

Element5's most recent funding round was for $30M (USD) in May 2022.

How much has Element5 raised to-date?

As of May 3, 2022, Element5 has raised a total of $48.5M (USD).

How many employees does Element5 have?

Element5 has 204 employees as of Feb 4, 2024.

Element5 - Classification

Ownership
  • Venture Capital
Technology
  • AI
  • Automation
Geographic Exposure
  • United States
Model
  • Platform
Revenue
  • Recurring
Customer
  • Enterprise
Main Product
  • Automation Services
Tags
  • AI Operations
  • Healthcare
  • SaaS
NAICS
  • 540000Professional, Scientific, and Technical Services
  • 541500Computer Systems Design and Related Services
  • 541000Professional, Scientific, and Technical Services
  • 541510Computer Systems Design and Related Services
  • 541511Custom Computer Programming Services
SIC
  • 7300Business Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 7371Computer Programming Services
Show 5 more industry codes
NAICS
  • 513200Software Publishers
  • 510000Information
  • 513000Publishing Industries
  • 513210Software Publishers
SIC
  • 7372Prepackaged Software