Tennr Raises $101M to Fix Healthcare Patient Referrals

Cofounders Trey Holterman,Tyler Johnson,and Diego Baugh

NEW YORK,2025-06-18

tennr Secures $101M to Streamline Referrals

A new funding round aims to revolutionize the frustrating process of patient referrals in healthcare.

• Tennr, a company focused on improving patient referrals, has secured $101 million in Series C funding.
• The company has more than tripled its revenue in just two quarters.
• Tennr is launching the Tennr Network to connect all parties involved in the referral process.

Healthcare is getting a much-needed upgrade. Tennr, a company dedicated to streamlining the complex patient referral process, has just secured a considerable $101 million in Series C funding.This financial boost, led by IVP, with participation from andreessen Horowitz, Lightspeed, GV, ICONIQ, Foundation Capital, and Frank Slootman, will fuel Tennr’s mission to untangle the often chaotic world of patient referrals.

The company’s remarkable growth,with revenue more than tripling since its Series B just two quarters ago,underscores the urgent need for solutions in this area.

Referral Stats: Over one-third of Americans require referrals annually, highlighting the massive scale of this healthcare process.

Solving the Referral “Black Hole”

Every year,a notable portion of Americans,over one-third,require referrals for specialized care,imaging,or treatment. Unluckily, these referrals often vanish into a black hole, arriving via a disjointed mix of fax, email, and various e-portals. This fragmented system demands hours of manual review and follow-up, creating massive backlogs. These delays can lead to missed patients, increased claim denials, and weeks-long waits for essential care, even in urgent cases.

Tennr’s platform offers a solution by helping healthcare providers convert more incoming patients and deliver more efficient care. It achieves this without requiring providers to overhaul their existing workflows.

Tennr Network: A New Layer of Coordination

With this fresh funding, Tennr is launching the Tennr Network, a powerful new coordination layer designed to connect all parties involved in the referral process, providing unprecedented real-time visibility. This new network promises to revolutionize how referrals are managed, offering benefits to everyone involved.

• Referring Providers will gain insight into the current status of every patient they’ve referred, eliminating the frustrating game of phone tag and guesswork.
• Receiving Providers will be able to track the status of every incoming referral, identify which require more documentation, and pinpoint which referral sources are driving the most conversions.
• Patients will finally be able to track their referral’s progress, from acceptance to scheduling, and even understand what to expect to pay, bringing a level of transparency typically seen in e-commerce to the healthcare journey.

Tennr Network Benefits:

• For Providers: Streamlined workflows, reduced administrative burden, and improved interaction.
• For Patients: Increased transparency,faster access to care,and a better overall experience.

Tennr’s platform is powered by a combination of an enterprise orchestration engine and a series of specialized language models called raelm. Unlike generic large language models, RaeLM is fine-tuned to understand the nuances within medical documentation and assess it against intricate payer criteria to identify potential issues and denials.

How does Tennr improve patient referrals?

Tennr’s platform streamlines the referral process by providing real-time visibility and coordination. It connects referring providers,receiving providers,and patients,offering transparency and efficiency.The RaeLM language models analyze medical documentation to flag potential issues.

“Patients really shouldn’t vanish into a work queue,” said Trey Holterman, tennr co-founder and CEO. “There’s so much possibility to build a delightful patient experience, but it’s always failed because we expect so much behavior change from providers who are entirely overwhelmed. we flipped that thinking and are now creating visibility for the patient flow without changing how people work.”

The Power of RaeLM in action

While the Tennr Network is a game-changer for coordinating referrals, the true engine driving efficiency is RaeLM, the specialized language model mentioned earlier. This complex tool goes beyond standard automation by understanding the complex language of medical records [[2]]. Unlike generic large language models, RaeLM is specifically trained on a massive dataset of medical documents, allowing it to extract critical information and flag potential issues with remarkable accuracy real-World Results and Impact

The impact of Tennr and its RaeLM technology is already being felt across the healthcare landscape.Initial data suggest meaningful improvements in referral processing times and a reduction in administrative burdens for both referring and receiving providers. This ultimately translates to several key benefits:

• Faster Access to Care: Patients spend less time waiting for approvals and scheduling appointments.
• Reduced Administrative Costs: Automation frees up healthcare staff from tedious manual tasks, allowing them to focus on patient care.
• improved Patient Experience: Obvious interaction and streamlined processes lead to a more satisfying healthcare journey.

As the Tennr Network expands, the company plans to integrate more payers and providers, further enhancing the platform’s capabilities. with the $101 million in fresh funding, innovation is highly likely to accelerate. New features could include enhanced predictive analytics to identify potential healthcare patterns and personalized patient support.

beyond Referrals: The Future of Healthcare

Tennr’s vision extends beyond simply streamlining referrals. the company is clearly positioned to become a central hub for healthcare coordination, improving efficiency, patient experience, and outcomes. By continuously refining RaeLM and expanding the Tennr Network,the founders aim to create a more connected,efficient,and patient-centric healthcare ecosystem. Their focus on using AI to ease administrative burdens and support providers is very much a look into the future of the industry.

Frequently Asked Questions

How dose RaeLM improve the referral process?

RaeLM analyzes medical documentation, identifies potential issues with insurance coverage, and automates follow-up to keep referrals moving smoothly.

What are the main benefits of using the Tennr Network?

The Tennr Network provides real-time visibility for all parties, streamlines workflows, reduces administrative burdens, and improves the overall patient experience.

How does Tennr ensure patient data privacy and security?

While those specific details aren’t available in this search, all healthcare providers like Tennr are HIPAA-compliant and highly regulated to maintain patient information privacy.