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US start-up Arrow emerges from stealth aiming to streamline healthcare payments

Arrow Launches in Healthcare Tech Sector: Key Points

  1. Company Launch:
    • Arrow, a US-based healthcare technology firm, has launched with the ambitious goal of becoming the “most important company in US history,” according to CEO Roshan Patel.
  2. Background:
    • Previously known as Walnut, Arrow was founded in 2020 and is headquartered in New York.
  3. Technology and Services:
    • Arrow offers tools for the healthcare sector that enable fast and accurate payments for providers and payers.
    • Features include advanced error detection, predictive analytics, denial management, and comprehensive visibility into revenue cycles.
    • The goal is to streamline claim processes, boost claim accuracy, and drive smarter decision-making and operational efficiency.
  4. Vision:
    • CEO Roshan Patel envisions real-time, frictionless payments in healthcare.
    • This includes transparency in care costs for patients, real-time payments for providers without manual administrative work, and increased efficiency with reduced fraud for health plans.
  5. Funding:
    • Arrow secured $110 million in a Series A funding round led by Gradient Ventures in May 2022.
    • The round includes $100 million in debt financing and $10 million in equity financing.
    • Additional investors include Company Ventures, Banana Capital, Muse Capital, Newark Ventures, Afore Capital, CityRock Ventures, AngelList, Weekend Fund, Goodwater Capital, and 2048 Ventures.

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