Written by : Jayati Dubey
January 22, 2025
The company plans to launch its own actuarial copilot to provide organizations with advanced risk management and analytics tools.
Healthcare technology leader Innovaccer has announced the acquisition of Humbi AI, a Nashville-based actuarial software and analytics firm catering to healthcare providers, payers, and life sciences organizations.
While the financial details of the acquisition were not disclosed, the move is aimed at strengthening Innovaccer’s data analytics and actuarial capabilities to advance its value-based care initiatives.
Humbi AI specializes in actuarial consulting and data-driven solutions, helping healthcare organizations improve risk management, optimize contracts, and design strategic benefits.
Its integration into Innovaccer’s platform is expected to amplify the latter’s ability to deliver actionable healthcare insights through enhanced analytics and intelligence.
Humbi AI’s expertise will be embedded into Innovaccer’s healthcare intelligence cloud, which already offers a range of AI-powered features, including care management, contract optimization, ambient documentation, and pre-visit summaries.
The company plans to launch its own actuarial copilot to provide organizations with advanced risk management and analytics tools.
“At Humbi AI, we believe actuarial intelligence is the key to turning complex healthcare data into strategic action,” said Puneet Budhiraja, Founder and CEO of Humbi AI.
“Joining Innovaccer amplifies our ability to help organizations navigate critical decisions with actuarial expertise and advanced analytics.”
Humbi’s extensive database of Medicare and Medicaid data will also enhance Innovaccer’s ability to support value-based care.
This includes enabling providers to create data-driven contracts, helping payers improve contract performance and network optimization, and aiding life sciences firms in drug commercialization and clinical effectiveness analysis.
Innovaccer CEO Abhinav Shashank emphasized the strategic importance of the acquisition.
“This is a pivotal moment in Innovaccer’s mission to transform healthcare by accelerating the shift to value-based care. Humbi AI’s actuarial expertise complements our platform, enabling us to help organizations design smarter contracts, optimize drug commercialization, and manage performance in unprecedented ways.”
The acquisition comes after Innovaccer’s Series F financing round in January 2024, which raised $275 million.
The funds are being used to expand collaboration with existing customers, introduce new AI and cloud capabilities, and scale its developer ecosystem.
Innovaccer’s recent acquisitions include Cured, a healthcare digital marketing platform, and Pharmacy Quality Solutions, a pharmacy-payer performance technology.
Over the past two years, Innovaccer has significantly expanded its customer base, now supporting over 130 healthcare organizations, including six of the top 10 health systems in the U.S.
The company has also grown its public sector partnerships, collaborating with San Mateo County and Alameda County.
Innovaccer reports a 50% year-over-year revenue growth over the past five years and achieved positive cash flow in Q4 2024.
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