Insight Partners led a $25m funding round in PriorAuthNow.

Insight Partners, a venture capital and private equity firm, led a $25m funding round in PriorAuthNow, a developer of an integrated prior authorization network, with participation from Panoramic Ventures and Health 2047. With this newest funding, PriorAuthNow will further expand its network to reach both providers and payors looking to streamline the prior authorization process. Additionally, the funding will be used to expand the team to meet a growing market demand. The company manages $61bn in Provider Net Patient Revenue and has grown over 300% in the past year. “The current state of prior authorization is archaic, and it often includes a series of disjoint faxes and phone calls done over days to weeks. PriorAuthNow is improving this outdated system by allowing both payors and providers to reduce time and resources on the prior authorization process. This also ultimately drives efficiency for patients and doctors, optimizing treatment and the doctor-patient relationship. We’re excited to be part of this mission and partner with PriorAuthNow as they continue to grow," Jon Rosenbaum, Insight Partners Managing Director.