Basys.ai grabs $2.4M for its prior authorization tech powered by Mayo Clinic’s data

Prior authorization, a fancy term for your doctor needing to gain approval from your health insurance company before doing a medical procedure, has typically been a heavily manual process involving lots of steps, reviews and people having to work together.
Seeking approval from the insurance company is meant to prevent unnecessary procedures and keep healthcare costs down; however, the lengthy process of prior authorization often leads to delayed or even abandoned care. And the administrative costs associated account for between 20% and 34% of U.S. healthcare expenditures.
In an effort to fix

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