Led by Connor Atchison (HBA 2011), Wisedocs closes $4.1M to bring medical document analysis to "entire" insurance ecosystem

March 17, 2022 by BetaKit Josh Scott

Founded by A&S Alumnus Connor Atchison (HBA 2011), Toronto-based Wisedocs wants to become the leading platform for medical document analysis in the insurance industry.

Wisedocs provides artificial intelligence (AI)-powered medical document analysis software. The startup’s “bread and butter” is making it easy for organizations to work with medical records. To date, Wisedocs has worked primarily in the independent medical evaluation space, serving third-party assessment companies, but, recently, the firm has started to see “quite a bit of interest and uptake” from national insurance carriers.

Now, armed with $4.1 million CAD in seed capital and a “broader” vision, Wisedocs plans to chase more enterprise-level customers and fuel its United States (US) expansion efforts, as it looks to move into serving other segments of the insurance industry.

“Third-party assessment companies work with medical records, but there’s this entire other insurance ecosystem that also has to touch that same medical record,” Wisedocs Head of Revenue Jenna Earnshaw told BetaKit in an interview. “We’re having more and more conversations in the US and getting traction with actual insurance carriers.”

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