Latent
Latent Health is a clinical AI company whose Enterprise Pharmacy Intelligence platform automates prior authorization, appeals, 340B, capture, and patient outreach for U.S. health system pharmacies, serving 50+ health systems including Mayo Clinic, Mount Sinai, and Mass General Brigham.
- Company typePrivate
- Founded2022
- HeadquartersSan Francisco, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Latent does
Latent (DBA Latent Health) is a clinical AI company founded in 2022 by Sriram Somasundaram and Rishabh Jain, headquartered in San Francisco with a New York City office presence. The company develops the Enterprise Pharmacy Intelligence platform, powered by a Clinical Reasoning Engine that performs clinical knowledge work — reasoning through patient data, interpreting drug criteria, extracting evidence, and orchestrating workflows across EHRs, payer guidelines, and pharmacy operations. The platform consists of integrated modules covering prior authorization, appeals, denials, 340B eligibility auditing, prescription capture, and patient outreach/adherence, with native integration into Epic and Cerner EHRs.
The underlying technology stack combines large language models with proprietary components including CIPHER, a 1.5B-parameter encoder model for clinical de-identification that achieves 97.9% recall at roughly 1/1000th the inference cost of frontier LLMs. The platform is HIPAA- and SOC 2 Type 2-compliant with audit-defensible outputs that trace every action back to the patient chart. Training runs on Together AI's Instant GPU Clusters and deployment runs on Baseten infrastructure at five-nines availability.
Latent sells through a direct enterprise field sales motion to large U.S. health systems, targeting Chief Pharmacy Officers and pharmacy leadership. Revenue is generated via annual subscription licensing with quote-based pricing tied to health system size, deployed workflows, and volume metrics. The company serves 50+ health systems representing 50% of the top 20 U.S. health systems (Mayo Clinic, Mass General Brigham, NYU Langone, Mount Sinai, Yale New Haven, Ochsner, MetroHealth, Vanderbilt, among others) and processes 2 million+ patients annually. Forbes reported annualized revenue exceeding $20 million as of March 2026, following an $80 million Series A round co-led by Spark Capital and Transformation Capital that valued the company at approximately $600 million.
Latent firmographics
Firmographics- Name
- Latent
- Legal name
- Latent
- Website
- https://latenthealth.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Latent Health is a clinical AI company whose Enterprise Pharmacy Intelligence platform automates prior authorization, appeals, 340B, capture, and patient outreach for U.S. health system pharmacies, serving 50+ health systems including Mayo Clinic, Mount Sinai, and Mass General Brigham.
- Ownership category
- akta.pro rank
Latent industry classification
Industry- Product category
- Healthcare AI Software
- NAICS
- Software Publishers (5132)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Specialty Pharmacy & Complex Therapy Management Platforms (HLACAKAG)
- akta.pro secondary industries
- PBM Technology Platforms (ePA/eRx/Real-Time Benefit Tools) (HLAEAKAL), Medication Pricing, Copay Assistance & Patient Financial Support Tools (HLACAKAN)
Keywords
Where Latent is headquartered
LocationHeadquarters
- HQ city
- San Francisco
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Latent business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Enterprise SaaS Subscription: Platform licensing to health systems for pharmacy intelligence. Pricing based on health system size, number of workflows deployed, and volume of prior authorizations/appeals processed. Typical contract structure includes multiple pharmacy workflows (prior authorization, appeals, 340B, capture, outreach) across specialty, infusion, and retail pharmacy operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise health system licensing |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Latent product offering
Product offeringCore offering
Latent sells an Enterprise Pharmacy Intelligence platform powered by a Clinical Reasoning Engine that automates clinical knowledge work for health system pharmacies. The platform handles prior authorization, appeals drafting, 340B eligibility auditing, prescription capture, patient outreach, and adherence monitoring. It is licensed to enterprise health systems via annual SaaS subscriptions and integrates natively with Epic and Cerner EHRs.
Product overview
Latent offers the Enterprise Pharmacy Intelligence platform, a unified pharmacy operations platform powered by a Clinical Reasoning Engine that automates clinical knowledge work across the medication access lifecycle. The platform consists of integrated modules covering prior authorization, appeals, denials, 340B compliance, patient outreach/adherence, and financial capture. CIPHER, Latent's proprietary de-identification model, enables HIPAA-compliant processing of clinical documentation. The platform integrates natively with Epic and Cerner EHR systems and serves 50+ health systems across the United States.
Differentiator
Problem solved
Functional benefit
Products and services
- Enterprise Pharmacy Intelligence Latent's primary SaaS platform enabling 50+ leading health systems to grow pharmacy operations, serve more patients, and capture more value without adding headcount. Powers prior authorization, appeals, denials, 340B, capture, outreach, and adherence workflows across the full pharmacy stack.
- CIPHER A 1.5B-parameter encoder-based clinical de-identification model that redacts 18 categories of PHI identifiers from clinical documents. Achieves 97.9% recall at ~50ms per document with ~1000x lower inference cost than frontier LLMs, enabling HIPAA-compliant processing of clinical text.
Quantifiable outcome
- Prior authorization review time reduced from 15-25 minutes to 4-5 minutes (75% faster)
- +7 more outcomes
Companies that use Latent
Customer profileNamed customers14 records
Segments1 record
Ideal customer profiles1 record
Latent technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability7 records
Feature7 records
Latent partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered infrastructure partner and integration partner.
- Together AIinfrastructure partnerLatent uses Together AI's Instant GPU Clusters for training. Achieved ~7x lower training cost, 97% clinical QA accuracy beating GPT-4/o3, and 2-3x faster experimentation enabling minutes-not-hours review cycles.
- Epicintegration partnerLatent integrates with Epic EHR system. Vanderbilt University Medical Center implementation integrates with Epic and related operational tools.
- Baseteninfrastructure partnerLatent's clinical search runs at five-nines availability with Baseten as deployment infrastructure.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Latent competitors and assessment
Company assessmentDirect peers
- Cohere Health: Cohere Health builds an AI-driven prior authorization and specialty care management platform for health plans and providers. Most directly comparable to Latent's Clinical Reasoning Engine and PA automation focus, competing for the same CPO and health-plan buying personas.
- Anterior: Anterior (formerly Cohort Health) is an AI-native prior authorization company automating clinical decisioning and medical necessity review for payers and providers. Overlaps directly with Latent on ePA, appeals drafting, and EHR-integrated workflows.
- Myndshft: Myndshft provides real-time prior authorization and benefits verification automation for hospitals and specialty pharmacies using machine intelligence. Competes head-to-head with Latent on automating PA workflow at health system pharmacies.
- Lean Healthcare: Lean applies AI and process automation to prior authorization and revenue cycle workflows in healthcare providers. Smaller and earlier-stage than Latent but directly comparable in workflow automation approach and customer base.
Broad incumbents
- Waystar: Waystar is a large, established revenue cycle management platform with prior authorization and claims automation modules used by health systems. A scaled incumbent Latent competes against in the broader pharmacy and revenue cycle stack.
- Surescripts: Surescripts operates the dominant U.S. electronic prescribing and benefits network, including real-time prescription benefit and electronic prior authorization tooling. A broad incumbent in the same ePA/eRx technology category, anchored to PBMs and EHRs.
- Experian Health: Experian Health sells identity, eligibility, prior authorization, and patient access solutions to health systems and payers. Comparable as an incumbent PA/automation vendor with deeper payer integration than Latent currently has.
- Phreesia: Phreesia automates patient intake, eligibility, and access workflows across health systems. An adjacent incumbent where patient access, insurance verification, and consumer-side workflow automation intersect with Latent's PA and outreach modules.
- Olive AI: Olive AI has historically positioned as a healthcare AI automation vendor across revenue cycle and clinical workflows. A scaled broader player in healthcare AI workflow automation with overlapping but distinct coverage of pharmacy operations.
Emerging players
- Macro Helix: Macro Helix is a specialty 340B program management and compliance platform used by health systems and contract pharmacies. Overlaps narrowly with Latent's 340B audit module rather than its full PA stack.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Latent social profiles
Digital presenceLatent compliance and trust
Trust signalCompliance2 records
Latent financial estimates
Financial estimateRevenue estimate
Valuation estimate
Latent leadership team
Management profileNumber of profiles
Profiles3 records
Latent funding detail
Funding detailFunding overview
Funding rounds3 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Latent M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Latent
What does Latent do?
Latent sells an Enterprise Pharmacy Intelligence platform powered by a Clinical Reasoning Engine that automates clinical knowledge work for health system pharmacies. The platform handles prior authorization, appeals drafting, 340B eligibility auditing, prescription capture, patient outreach, and adherence monitoring. It is licensed to enterprise health systems via annual SaaS subscriptions and integrates natively with Epic and Cerner EHRs.
Is Latent a public or private company?
Latent is a private company. It is classified as venture growth investor backed and is currently operating.
When was Latent founded?
Latent was founded in 2022. It employs 101 to 250 people.
Where is Latent based?
Latent is headquartered in San Francisco, United States, in the North America region.
How does Latent make money?
One revenue line is on record: enterprise SaaS Subscription.
Who are Latent's main competitors?
Direct peers on record are Cohere Health, Anterior, Myndshft and Lean Healthcare. Broad incumbents are Waystar, Surescripts, Experian Health, Phreesia and Olive AI. Macro Helix is listed as an emerging player.
Does Latent have an API?
No public API is recorded for Latent.
What industry is Latent in?
Latent's product category is Healthcare AI Software. Its primary akta.pro industry code is HLACAKAG, Specialty Pharmacy & Complex Therapy Management Platforms, with a secondary code of HLAEAKAL, PBM Technology Platforms (ePA/eRx/Real-Time Benefit Tools). Its NAICS code is 5132 and its SIC code is 7372.