NEW YORK—Conduit Health, a consumer-oriented provider of insurance-covered medical supplies and services for Medicare and Medicaid patients, announced a $17 million Series A to expand its vertically integrated model that brings clinical care, insurance authorization and medical supply fulfillment together. The round was led by Drive Capital, with participation from prior lead investors XYZ Ventures, Twelve Below, Eniac Ventures and others, bringing the company’s total funding to $22 million.
"By unifying all of the clinical, administrative and fulfillment work around an intelligent operating layer, we offer a care model that actually works for patients. Until now, the red tape in DME (durable medical equipment) procurement—particularly in Medicare and Medicaid—has profoundly hindered access to these essentials," said Natan Wise, co-founder and CEO of Conduit Health. "We built Conduit so the most vulnerable members of our communities can stay healthy and independent at home. The status quo simply doesn't work for them, and as a company, that isn't something we are willing to accept."
Central to its model is CareOS (Conduit Authorization and Reimbursement Engine), an agentic AI platform that interprets and acts on complex Medicare, Medicaid and managed care rules in real time. The AI-powered platform predicts approval likelihood before claims are filed and orchestrates agents that manage documentation and routing across payer environments, enabling Conduit to take on denial risk and standardize workflows at scale.
“Conduit Health started with durable medical equipment because it’s historically been one of the most challenging and exhausting benefits for patients to access,” said Rocky Seftel, co-founder of Conduit Health. “Our mission is to make it easier for patients to access what they’re already entitled to, and our foundation was designed to ultimately expand into a broader range of
insurance-covered services. We are building toward our vision of every eligible American having easy access to covered benefits beyond DME, like transportation to medical appointments, medically-tailored meals and home modifications.”