Olli Health is a technology company.
Olli Health has raised $3.0M across 1 funding round.
Olli Health has raised $3.0M in total across 1 funding round.
Olli Health is an AI-powered platform providing home health coding and OASIS/Plan of Care quality review services for Home Health Agencies (HHAs). It serves over 100 HHAs by solving key challenges like inaccurate coding, slow turnaround times, high costs, regulatory compliance, and clinician workload through proprietary CodePilot+ technology that combines AI with certified coders for 95%+ accuracy, over 75% faster processing (aiming for five-minute turnarounds), and half the cost of legacy vendors[1][2][3][5]. Founded in 2024 and headquartered in Madison, WI, with 1-10 employees, the company raised $2.9M in seed funding followed by a $10M Series A in November 2025 led by Industry Ventures, bringing total funding to $13M to expand clinical documentation features and growth[1][2].
Olli Health was founded in 2024 by CEO Eric Steege, with co-founder and COO Joe Freudenthal, in Madison, Wisconsin[1][2]. The idea emerged from addressing inefficiencies in home health revenue cycle management, particularly manual coding prone to errors amid CMS budget cuts and regulatory pressures like OASIS assessments and ICD-10 compliance[1][2][4]. Early traction came quickly: by late 2025, it secured a large multistate HHA client achieving faster turnarounds, reduced chart queries, and lower costs; CEO Steege highlighted 95%+ AI accuracy risks of inferior tools; and the $10M Series A validated its momentum, serving over 100 HHAs[1][2].
Olli Health rides the AI-in-healthcare wave, specifically home health's shift to revenue cycle automation amid CMS cuts, rising compliance demands (OASIS, ICD-10), and clinician shortages[1][2][4]. Timing is ideal post-2024 founding, with 2025 funding amid $8B+ investor interest from firms like Industry Ventures, as home health faces underpayments, billing errors, and admin overload—AI fixes these for efficiency and outcomes[2][4]. It influences the ecosystem by enabling HHAs to stay profitable, scale via "better than human" accuracy, and integrate point-of-care to billing, positioning as a leader against slower legacy vendors and fostering AI adoption in fragmented home care[1][2][3].
Olli Health's $13M funding and 100+ clients signal explosive growth, with next steps focusing on full platform integration (coding, review, documentation) for end-to-end revenue optimization and EHR ubiquity[2]. Trends like generative AI refinement, CMS reforms, and home health expansion (post-pandemic demand) will propel it, potentially dominating as autocoding hits sub-5-minute speeds with near-perfect accuracy[2][4]. Its influence may evolve from niche disruptor to ecosystem standard, empowering HHAs against financial pressures—watch for M&A or deeper payer integrations as AI cements home health's tech transformation, building on its proven cost-accuracy-speed trifecta[1][2].
Olli Health has raised $3.0M in total across 1 funding round.
Olli Health's investors include 11.2 Capital, Arkitekt Ventures, Bessemer Venture Partners, Tau Ventures.
Olli Health has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in July 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2024 | $3.0M Seed | 11.2 Capital, Arkitekt Ventures, Bessemer Venture Partners, Tau Ventures |