Fundraising Fox

Ascertain

New York, US · Founded 2024 · 3 known investors

Ascertain provides an agentic AI platform that automates healthcare administrative work such as prior authorizations, referrals, eligibility checks, and care coordination by integrating with existing systems and embedding human review. It serves specialty practices, management service organizations, health systems, and health plans to reduce administrative burden across revenue cycle and care management.

Also known as Ascertain Automate

Founders & leadership

Ascertain was founded in 2024 by Mark Michalski.

MM
Mark MichalskiFounder
MB
Marc BergerNamed on SEC filing
GF
Gregg FergusNamed on SEC filing
LK
Laurence KraemerNamed on SEC filing

Board

MA
Moses AdubiBoard director
KC
Konstantine CostalasBoard director
JB
John BeadleBoard director

Investors · 3

Also in the syndicate · 2

Deerfield ManagementleadNorthwell Health

Reported raises · per SEC filings

Form D private placements

$17.4M disclosed across 2 rounds · 2024–2025

$10MraisedApr 2025 · 3 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Moses AdubiDirector
  • Konstantine CostalasDirector
  • John BeadleDirector
  • Mark MichalskiExecutive Officer, Director
Offering amount
$10M
Amount sold
$10M
First sale
Apr 2025
Incorporated
Corporation, Delaware, 2024
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$7.4MraisedMar 2024 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Mark MichalskiExecutive Officer, Director
  • Marc BergerExecutive Officer
  • Konstantine CostalasDirector
  • Gregg FergusExecutive Officer, Director
  • Laurence KraemerExecutive Officer
  • John BeadleDirector
Offering amount
$10.9M
Amount sold
$7.4M
First sale
Mar 2024
Incorporated
Corporation, Delaware, 2023
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Ascertain is a New York-based healthcare technology company that applies agentic AI to administrative workflows for health systems, payers and independent provider groups. Its AI agents execute prior authorization submissions, referrals, eligibility verification, denials and appeals, medical records requests, discharge planning, care planning, care gap identification and care coordination by navigating existing portals and systems, ingesting unstructured data (including faxes), completing forms and communicating results. The platform emphasizes human-in-the-loop review, built-in traceability and audit readiness.

The product spans both revenue cycle and care management functions and is positioned for rapid deployment, with the company stating implementations go live in weeks and return on investment demonstrated in under 90 days. Named deployments include The Oncology Institute, where prior authorization work was reduced across more than 100 oncology clinics, a case management pilot with Northwell Health, and a partnership with Cardiovascular Associates of America. Vertical focus areas cited include cardiology, oncology, orthopedics, behavioral health and health systems.

Founding story

Ascertain was launched by Northwell Holdings, the for-profit investment arm of Northwell Health, and Aegis Ventures. The team describes itself as healthcare operators who experienced administrative burden firsthand and built an agentic AI platform to automate those workflows end to end.

Business model

Customers can deploy Ascertain Automate, an enterprise software platform that uses agentic AI to automate high-volume administrative workflows, or engage Ascertain's tech-enabled services, in which Ascertain's own team operates the software on the customer's behalf and takes over entire workflows.

Two delivery models are offered: licensed enterprise software (Ascertain Automate) and outsourced, tech-enabled services in which Ascertain runs the workflows for the customer.

Traction

Reported a 95% reduction in prior authorization workload across more than 100 oncology clinics at The Oncology Institute, where the first implementation went live in eight weeks and prior authorization effort fell from 350 hours to 10. In a Northwell Health case management pilot, Ascertain reported an 80% reduction in user clicks and a 67% reduction in authorization submission time. Additional customer relationships include Cardiovascular Associates of America.

Latest developments

In April 2025 Ascertain closed a $10 million Series A led by Deerfield Management with strategic participation from Northwell Health, CEO Mark Michalski additionally took on the role of Chief Information Officer at Deerfield Management, and the company relocated to Deerfield's Cure headquarters in New York City. The platform has since been extended across revenue cycle and care management workflows for specialty practices and health systems.

Full profile — market position, technology, go-to-market, geography, history

Market position

Positions itself as reimagining healthcare workflows from the ground up using AI rather than incrementally improving existing processes, according to Deerfield Management operating partner Julian Harris. The company addresses a market where case managers spend up to 60% of their time on manual administrative tasks and where more than 100,000 case-management and administrative positions are open in the US.

Origin inside a health system, cited by Northwell Health's chief medical officer as giving the company an understanding of health system complexity and integration needs; combined software-plus-services delivery; human-in-the-loop review and transparency; and rapid deployment with measurable ROI in under 90 days.

Technology

Agentic AI systems that interpret unstructured data, automate form completion, navigate complex and fragmented legacy platforms and portals, ingest faxes, and communicate outcomes, integrated into existing customer workflows with human review embedded in each process and real-time traceability for auditability. Capabilities include an AI voice agent.

Go-to-market

Direct enterprise sales via demo requests and custom ROI analyses, supported by strategic distribution relationships with Deerfield Management, Northwell Health and the Aegis Digital Consortium, a collaboration of 11 health systems developing and scaling AI-enabled technology solutions.

Health systems, health plans and payers, independent provider groups, specialty practices (cardiology, oncology, orthopedics, behavioral health) and management service organizations.

Geography

Headquartered in New York City, at Cure; customers cited are US healthcare organizations.

History

The company was launched by Northwell Holdings and Aegis Ventures and began with work inside a health system. It ran an authorizations pilot with Northwell Health's centralized transitions-of-care administration team, announced a $10 million Series A led by Deerfield Management in April 2025, moved its offices into Cure, Deerfield's New York City headquarters, and expanded to specialty provider groups including The Oncology Institute and Cardiovascular Associates of America.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Prior authorization hours at The Oncology InstituteJan 2025From 350 hours to 10
Reduction in authorization submission time in Northwell Health pilotJan 202567%
Reduction in prior authorization workload at The Oncology Institute (100+ oncoloJan 202595%
Reduction in user clicks in Northwell Health case management pilotJan 202580%
Time to first implementation at The Oncology InstituteJan 20258 weeks

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 6

launches, deals, and filings
Apr 2025
Ascertain relocates to Cure, Deerfield's New York City headquarters

In connection with the Series A, Ascertain said it would move into Cure, Deerfield Management's New York City headquarters.

source ↗

Apr 2025
Ascertain raises $10M Series A led by Deerfield Management

Ascertain announced a $10 million Series A financing led by Deerfield Management with strategic participation from Northwell Health, to accelerate growth and expand access to its AI-powered administrative automation solutions.

$10M source ↗

Apr 2025
CEO Mark Michalski also named Chief Information Officer at Deerfield Management

Ascertain CEO Mark Michalski, M.D., continues to lead Ascertain while additionally becoming Chief Information Officer at Deerfield Management.

source ↗

Apr 2025
Northwell Health pilot to process authorizations

Ascertain worked with Northwell Health's centralized transitions-of-care administration team on a pilot to process authorizations, freeing nurses, case managers and social workers from administrative tasks.

source ↗

Jan 2025
Deployment with The Oncology Institute for prior authorization workflows

The Oncology Institute implemented Ascertain for prior authorization workflows across its oncology clinics; TOI's CEO stated the first implementation went live in eight weeks.

source ↗

Jan 2025
Partnership with Cardiovascular Associates of America

Cardiovascular Associates of America's SVP of Innovation described a partnership using Ascertain's agentic AI platform to address administrative burden at scale in cardiovascular care.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Ascertain do?
Ascertain builds agentic AI software that automates prior authorization, referrals and case management for healthcare organizations.
Who founded Ascertain?
Ascertain was founded by Mark Michalski in 2024.
Who are Ascertain's investors?
Ascertain's investors include Aegis Ventures.
How much funding has Ascertain raised?
Ascertain has disclosed $17.4M raised across 2 rounds.
Where is Ascertain headquartered?
Ascertain is headquartered in New York, US.