Coral Hits 500,000 Monthly Workflows and 8x Revenue Growth in Healthcare Automation

Coral announced in a press release that it now processes more than 500,000 patient workflows per month and has achieved an eightfold increase in revenue over the past seven months. The company reported that its automation models maintain an accuracy rate above 98.7%.

Healthcare organizations using Coral’s AI-driven platform have reduced patient intake times by 81%, from 21 minutes to 4 minutes per patient. Coral’s technology integrates into existing healthcare workflows to automate tasks such as patient intake, prior authorization, billing, and clinical qualification, reducing manual work and administrative delays.

Coral’s automation for prior authorization converts multi-week processes into minutes, addressing a major bottleneck in patient care. The company’s approach aims to improve operational efficiency without requiring major infrastructure changes.

Founded in 2024 by AI scientists Ajay Shrihari and Aniket Mohanty, Coral’s growth follows a seed round led by Lightspeed with participation from healthcare and technology investors, including leaders from OpenAI and Zapier. Bain & Company Senior Partner Ashish Singh has joined Coral as a strategic advisor to support its expansion.