Innovaccer, Inc.

Based in California, US, and founded in 2014 by Abhinav Shashank (CEO as of 2026) and Sandeep Gupta, Innovaccer, Inc. is a healthcare technology company that helps connect the care ecosystem with the Innovaccer Health cloud that improves efficiencies for healthcare providers, payers, and others across the care ecosystem. In May 2026, Innovaccer, Inc. , a portfolio company of Lightspeed Venture Partners, Generation Investment Management, Tiger Global Management, OMERS Private Equity, 500 Global, Westbridge Capital Partners, Steadview Capital 12, Dragoneer Investment Group, B Capital, Pravega Ventures, Start Smart Labs, Mubadala Capital, Steadview Capital Management, acquired CaduceusHealth for USD 66 million.

The company provides a data activation platform, application suite, and Innovaccer toolkit and ensures solutions for healthcare providers, payers, life sciences, and employers. The company’s data activation platform brings together patient records and uses artificial intelligence and analytics to simplify repetitive workflows and make whole-person treatment more available. The company’s Innovaccer Health Cloud combines the integrated data activation platform and application suite with a comprehensive collection of platform resources and tools that allows customers and third-party developers to quickly build interoperable applications that use centralized patient records to enhance patient care and reduce costs. Innovaccer generates revenue by offering AI-powered healthcare solutions that streamline operations and improve outcomes.

Its key revenue streams include value-based care enablement, revenue cycle management automation, AI workforce tools for administrative tasks, and data activation platforms that deliver actionable insights to providers, payers, and government organizations. The May 2026 acquisition may enable CaduceusHealth’s revenue‑cycle expertise and client relationships to scale through Innovaccer, Inc. ’s AI‑driven Flow platform for end‑to‑end automation.