Element5
Founded Year
2019Stage
Series B | AliveTotal Raised
$47.5MLast Raised
$30M | 4 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+19 points in the past 30 days
About Element5
Element5 focuses on transforming post-acute operations through intelligent workflow automation within the healthcare sector. Its main offerings include automated solutions for eligibility verification, authorization processing, and revenue cycle management to optimize financial outcomes and accelerate speed to care. Element5 primarily serves the healthcare industry, particularly post-acute care organizations seeking to minimize administrative burdens and enhance operational efficiency. It was founded in 2019 and is based in San Jose, California.
Loading...
Element5's Product Videos
Element5's Products & Differentiators
Element5 Workflow Automation
Element5 Workflow Automation allows post-acute care organizations to automate their most repetitive and time-consuming administrative work, saving teams from thousands of redundant clicks. Post-acute care organizations trust Element5 to help them save hundreds of hours each week, lower operational costs, improve timeliness and accuracy of tasks and manage staffing better. Powered by AI and RPA, Element5’s automated workflows integrate across existing post-acute care systems. Pre-built workflows enable post-acute care organizations to kickstart their automation journey with quick deployment timelines and a highly scalable, cost-effective solution. Organizations experience demonstrable impact & ROI and save hundreds of hours every week on daily, repetitive administrative tasks.
Loading...
Research containing Element5
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Element5 in 1 CB Insights research brief, most recently on Sep 22, 2023.
Sep 22, 2023
The revenue cycle management market mapExpert Collections containing Element5
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Element5 is included in 3 Expert Collections, including Digital Health.
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.
Digital Health 50
300 items
The winners of the third annual CB Insights Digital Health 150.
Artificial Intelligence (AI)
20,629 items
Latest Element5 News
Sep 12, 2025
It addresses challenges in post-acute care, including Medicare Advantage growth, staffing shortages, slim margins, and regulatory burdens requiring new approaches. Unlike traditional automation completing individual tasks, Agentic AI transforms workflow efficiency by combining business rules, intelligence, tools and advanced orchestration in complex systems. Enhancing HCHB’s platform with Element5’s intelligent agents allows providers to automate intricate processes across ecosystems, resulting in lower operational costs, increased transparency and improved workflows throughout patients’ financial journeys. Element5 CEO Joe Randesi said: “Agentic AI combines intelligence with sophisticated orchestration to automate not just tasks, but entire workflows. GlobalData Strategic Intelligence US Tariffs are shifting - will you react or anticipate? Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis. By GlobalData “Because Element5 is solely focused on post-acute care, our platform is infused with deep domain expertise and reliability, making us uniquely positioned to address the nuanced challenges of this space. “Joining forces with Homecare Homebase is a powerful endorsement of this movement — together, we’re empowering providers to make the most of digital records and eliminate administrative burdens.” HCHB president Luke Rutledge said: “We are committed to providing our customers with the best tools to succeed in a rapidly evolving healthcare environment.” The collaboration establishes a foundation for post-acute care’s future by combining Homecare Homebase’s workflow knowledge with Element5’s AI automation capabilities. It establishes benchmarks for operational excellence, equipping agencies to tackle present challenges while thriving and expanding within the ever-changing healthcare environment. Sign up for our daily news round-up! Give your business an edge with our leading industry insights.
Element5 Frequently Asked Questions (FAQ)
When was Element5 founded?
Element5 was founded in 2019.
Where is Element5's headquarters?
Element5's headquarters is located at 1245 Lincoln Avenue, San Jose.
What is Element5's latest funding round?
Element5's latest funding round is Series B.
How much did Element5 raise?
Element5 raised a total of $47.5M.
Who are the investors of Element5?
Investors of Element5 include Insight Partners, The New Normal Fund, FJ Labs, Whiteboard Capital, Amit Agarwal and 10 more.
Who are Element5's competitors?
Competitors of Element5 include Replicon and 7 more.
What products does Element5 offer?
Element5's products include Element5 Workflow Automation.
Loading...
Compare Element5 to Competitors
Automation Anywhere provides process automation solutions for business processes, offering services including process discovery, robotic process automation (RPA), end-to-end process orchestration, document processing, and analytics, with attention to security and governance. Its solutions are available in both public and private cloud environments and serve industries such as healthcare, financial services, and manufacturing. It was formerly known as Tethys Solutions. It was founded in 2003 and is based in San Jose, California.
FlowSIGMA provides workflow orchestration and process automation within the healthcare sector. The company has a platform that integrates AI solutions to automate and optimize medical workflows, including compliance processes and the integration of AI tools. FlowSIGMA serves large hospital systems, with a focus on clinical trials automation and AI performance monitoring. It was founded in 2017 and is based in Rochester, Minnesota.
Infinitus Systems engages in healthcare artificial intelligence (AI) communication within the healthcare industry. It offers a digital assistant named Eva that automates routine calls for tasks such as benefit verification, prior authorization, and pharmacy follow-ups, traditionally done manually. Infinitus primarily serves ambulatory surgery centers, health systems, labs and diagnostics, pharmaceutical patient support, and specialty pharmacies. It was founded in 2019 and is based in San Francisco, California.
JIFFY.ai specializes in AI-driven intelligent automation solutions within the technology sector and focuses on no-code platforms for enterprise digital transformation. The company offers a suite of pre-built HyperApps and tools for end-to-end process automation, designed to enhance operational efficiency and customer experience across various industries. JIFFY.ai primarily serves sectors such as banking, wealth management, media, and corporate finance. JIFFY.ai was formerly known as Option3. It was founded in 2018 and is based in Milpitas, California.
cliexa offers a digital health platform that focuses on patient engagement and clinical efficiency within the healthcare sector. The company offers data integration, patient engagement, and decision support. It serves healthcare providers, IT solutions, insurance companies, pharmaceutical companies, and medical device manufacturers. It was founded in 2016 and is based in Denver, Colorado.
Automation Hero operates as an intelligent automation platform. It combines robotic process automation (RPA) with artificial intelligence (AI) to automate repetitive and time-consuming tasks. It was formerly known as SalesHero. The company was founded in 2017 and is based in San Francisco, California.
Loading...