Tennr: $101M Funding to Fix Patient Referrals
- Tennr, a company focused on streamlining the often-complex patient referral process, has obtained $101 million in Series C funding.
- The company has experienced rapid growth, more than tripling its revenue as its Series B funding just two quarters ago.
- Each year, over a third of americans require referrals for specialty care, imaging, or treatment.
Tennr, a company revolutionizing patient referrals, just secured $101 million in Series C funding, aiming to fix inefficiencies in healthcare. IVP led the investment, with prominent firms like Andreessen Horowitz participating. This significant investment fuels their mission to streamline the complex patient referral process, tackling the “referral black hole.” The company’s innovative platform addresses the persistent challenges of fragmented referral systems,reducing delays in care and enhancing provider efficiency. Tennr is launching the Tennr Network,a groundbreaking solution providing real-time visibility for referring providers,receiving providers,and patients. This will greatly help to manage how referrals are processed. For more data from News Directory 3, this is were you need to be. With its enterprise orchestration engine and RaeLM language models, Tennr aims to create a more seamless and transparent healthcare experience. Discover what’s next for this innovator in healthcare.
Tennr Secures $101M Series C Funding to Transform Patient Referrals
Updated June 19, 2025
Tennr, a company focused on streamlining the often-complex patient referral process, has obtained $101 million in Series C funding. IVP led the investment round, with participation from Andreessen Horowitz, Lightspeed, GV, ICONIQ, Foundation Capital, and Frank Slootman.
The company has experienced rapid growth, more than tripling its revenue as its Series B funding just two quarters ago. Tennr addresses a significant operational challenge in health care: the fragmented and manual process of referring patients for specialized care.
Each year, over a third of americans require referrals for specialty care, imaging, or treatment. Specialists often receive these referrals thru a mix of fax, email, and various electronic portals, requiring extensive manual review and follow-up. This can lead to backlogs, missed patients, claim denials, and delays in care, even for urgent cases.
Tennr’s platform aims to help providers convert more incoming patients and deliver care more efficiently without requiring major changes to existing workflows. The new funding will support the launch of the Tennr Network, designed to connect all parties involved in the patient referral process.
The Tennr Network offers real-time visibility to:
- Referring Providers: they can track the status of referred patients, reducing phone calls and uncertainty.
- Receiving Providers: They can monitor incoming referrals, identify missing documentation, and determine which referral sources are most effective.
- Patients: They gain transparency into when their referral is accepted, scheduled, and what costs to expect.
Tennr’s platform uses an enterprise orchestration engine and specialized language models called RaeLM. These models are designed to understand medical documentation and assess it against payer criteria to identify potential issues and denials.
“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.”
What’s next
With the new funding and the launch of the Tennr Network, the company plans to further expand its reach and impact on the patient referral process, aiming to create a more seamless and transparent experience for providers and patients alike.The focus remains on leveraging technology to solve persistent challenges in healthcare operations and improve patient access to timely and efficient care.