Founded Year

2012

Stage

Dead | Dead

Total Raised

$858.8M

Revenue

$0000 

About Olive

Olive provides healthcare revenue cycle management solutions. The company offers services for healthcare providers, including financial clearance, revenue capture, claim management, payment management, denial prevention, and analytics and reporting. Olive serves various sectors within the healthcare industry, such as physician and specialty practices, ambulatory surgery centers, clinical laboratories, and health systems. Olive was formerly known as CrossChx. It was founded in 2012 and is based in Columbus, Ohio. Olive ceased operations in October 2023.

Headquarters Location

99 East Main Street Suite 1750

Columbus, Ohio, 43215,

United States

800-501-3161

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Olive's Products & Differentiators

    Prior Authorization Suite

    Olive’s Prior Authorization Suite ensures you understand the comprehensive eligibility picture for each patient, by combining End-to-End Prior Authorization and Eligibility.

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Research containing Olive

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Olive in 7 CB Insights research briefs, most recently on May 29, 2024.

Expert Collections containing Olive

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Olive is included in 7 Expert Collections, including Robotic Process Automation.

R

Robotic Process Automation

322 items

RPA refers to the software-enabled automation of data-intensive tasks that are low-skill but highly sensitive operationally, including data entry, transaction processing, and compliance.

D

Digital Health 50

450 items

The most promising digital health startups transforming the healthcare industry

C

Conference Exhibitors

5,302 items

D

Digital Health

12,122 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

A

AI 100 (All Winners 2018-2025)

100 items

Winners of CB Insights' 5th annual AI 100, a list of the 100 most promising private AI companies in the world.

V

Value-Based Care & Population Health

193 items

Olive Patents

Olive has filed 53 patents.

The 3 most popular patent topics include:

  • social networking services
  • cubism
  • modern art
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/21/2020

4/1/2025

Videotelephony, Social networking services, Conservation and restoration, Teleconferencing, Machine learning

Grant

Application Date

6/21/2020

Grant Date

4/1/2025

Title

Related Topics

Videotelephony, Social networking services, Conservation and restoration, Teleconferencing, Machine learning

Status

Grant

Latest Olive News

Content Writing Tips: Improve Your Skills & Productivity

Sep 26, 2025

Content Writing Tips: Improve Your Skills & Productivity Table of Contents The patient experience is frequently enough defined by what *isn’t* visible – the complex, often frustrating, administrative processes humming beneath the surface. While advancements in medical technology capture headlines, a significant portion of healthcare resources remains tied up in tasks that don’t directly contribute to patient care. The sheer scale of this administrative burden is staggering. Current estimates place annual spending on administrative functions – encompassing scheduling,billing,insurance verification,and claims management – at nearly $450 billion. Beyond Dollars and Cents: The Human Cost of Inefficiency This isn’t simply a financial issue; it has profound implications for both patients and providers. Hospitals and medical groups dedicate substantial personnel to navigate these intricate systems, yet inefficiencies stubbornly persist. Consider the average physician spending approximately 15-20% of their time on paperwork, time that could be spent with patients. This translates to longer wait times for appointments, delayed diagnoses, and ultimately, a diminished quality of care. As one expert noted, “ Nearly $450 billion is spent annually on tasks such as scheduling, billing, insurance verification, and claims follow-up. ” This figure underscores the urgent need for innovative solutions. The problem is exacerbated by the increasing complexity of the US healthcare system. A 2023 study by the American medical Association found that physicians face an average of 15.8 hours per week dealing with administrative tasks. This administrative overload contributes significantly to physician burnout, a growing crisis impacting healthcare access and quality. It’s akin to asking a master chef to spend hours on dishwashing rather of creating culinary masterpieces – a misallocation of valuable expertise. AI Voice Agents: A Potential Remedy Emerging technologies, especially Artificial Intelligence (AI) powered voice agents, offer a promising pathway to alleviate this burden. These agents can automate many of the repetitive, time-consuming tasks that currently occupy healthcare staff. Imagine a system where patients can schedule appointments, verify insurance coverage, and receive billing facts through a simple voice interaction. This frees up human employees to focus on more complex and empathetic patient interactions. “Hospitals and physician groups employ armies of staff to manage these interactions, yet inefficiencies persist. Patients endure long wait times, providers lose revenue…” Original Source: Healthcare India The benefits extend beyond simple convenience. AI can improve accuracy in billing and coding,reducing claim denials and maximizing revenue for providers. Moreover, AI-driven automation can definitely help streamline prior authorization processes, a notorious source of frustration for both patients and physicians. Such as, companies like Olive AI are already demonstrating the potential of AI to automate administrative tasks, resulting in significant cost savings and improved efficiency for healthcare organizations. The Path Forward: Integrating AI into the Healthcare Workflow Successfully integrating AI voice agents requires a strategic approach. It’s not about replacing human workers, but rather augmenting their capabilities. Training data must be carefully curated to ensure accuracy and avoid bias. Robust security measures are essential to protect patient privacy and comply with HIPAA regulations. And, crucially, the technology must be designed with a user-centric approach, ensuring a seamless and intuitive experience for both patients and staff. The potential return on investment is substantial.By reducing administrative costs and improving efficiency, AI can help healthcare organizations deliver better care at a lower cost. The time to explore and implement these solutions is now. Share this:

Olive Frequently Asked Questions (FAQ)

  • When was Olive founded?

    Olive was founded in 2012.

  • Where is Olive's headquarters?

    Olive's headquarters is located at 99 East Main Street, Columbus.

  • What is Olive's latest funding round?

    Olive's latest funding round is Dead.

  • How much did Olive raise?

    Olive raised a total of $858.8M.

  • Who are the investors of Olive?

    Investors of Olive include Tiger Global Management, Vista Equity Partners, Base10 Partners, Drive Capital, General Catalyst and 17 more.

  • Who are Olive's competitors?

    Competitors of Olive include Pieces, Medical Brain, Aideo Technologies, Illumicare, FastAuth and 7 more.

  • What products does Olive offer?

    Olive's products include Prior Authorization Suite and 2 more.

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Compare Olive to Competitors

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Rhyme

Rhyme operates as a technology company focused on automating the prior authorization process within the healthcare sector. The company provides prior authorization services, a solution to eliminate the need for prior authorizations at the point of care, and a shared dashboard for visualization and collaboration between payers and providers. Rhyme primarily serves the healthcare industry, facilitating interactions between payers and providers to improve patient care. Rhyme was formerly known as PriorAuthNow. It was founded in 2016 and is based in New Albany, Ohio.

Notable Logo
Notable

Notable operates as a company focused on automating healthcare operations through its artificial intelligence (AI) platform. The company offers a suite of services designed to streamline administrative workflows, including registration, scheduling, and care management, by utilizing intelligent agents and customizable automation tools. Notable primarily serves the healthcare industry, providing solutions that aim to improve patient care. It was founded in 2017 and is based in San Mateo, California.

Humata Health Logo
Humata Health

Humata Health specializes in transforming prior authorizations through artificial intelligence and automation within the healthcare sector. The company offers a platform that streamlines the end-to-end prior authorization process for healthcare providers, enhancing efficiency and accuracy. Humata's solutions are designed to serve the healthcare industry, particularly in high-volume service lines such as imaging, cardiology, neurology, orthopedics, sleep studies, and surgery. It was founded in 2023 and is based in Winter Park, Florida.

Epic Logo
Epic

Epic focuses on developing healthcare software within the health information technology (IT) industry. Its main offerings include coding, testing, and implementing software solutions. Epic's products are utilized by healthcare professionals. Epic was formerly known as Human Services Computing. It was founded in 1979 and is based in Verona, Wisconsin.

AKASA Logo
AKASA

AKASA provides generative AI (artificial intelligence) solutions for the healthcare revenue cycle, concentrating on financial processes within the healthcare sector. The company's offerings include automation and optimization of prior authorization, medical coding, claim status updates, and claim attachment processes, powered by generative AI trained on clinical and financial data. It serves hospitals and health systems, with a goal of improving operational efficiency and financial outcomes. AKASA was formerly known as Alpha Health. It was founded in 2018 and is based in San Francisco, California.

SamaCare Logo
SamaCare

SamaCare is a healthcare technology company that provides a cloud-based platform for healthcare providers to submit, track, and manage prior authorizations with various payers and for different medications. The platform is designed to integrate with electronic medical record (EMR) systems and offers features such as submission tracking and expiration reminders. It was founded in 2018 and is based in San Francisco, California.

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