Keebler Health
34 employees on LinkedIn · 19 known investors
Keebler Health, founded in 2023, is a healthcare company focused on improving efficiency and efficacy in the healthcare industry.
Also known as Keebler
Founders & leadership
Investors · 19
Also in the syndicate · 5
Funding
SEC filings, press & company announcements$16M disclosed across 1 of 5 rounds · 2025–2026
- $16MSeries AApr 2026 · 2 sources
Flare Capital Partners (lead), Aviano Ventures, Everywhere Ventures, Freestyle Capital, Hustle Fund, MBX Capital, New Stack Ventures, Sands Capital, Tau Ventures, Tweener Fund, Underdog Labs
Source ↗ - Undisclosed amountseed roundFeb 2025
Everywhere VC, Freestyle Capital, Ludlow Ventures, MBX Capital, New Stack Ventures, Primordial, the Hustle Fund, the Tweener Fund, Underdog Labs
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Keebler Health is a health technology company based in Durham, North Carolina that builds an LLM-native clinical analysis platform for risk adjustment in value-based care. The platform ingests the full patient record — including structured EHR fields plus unstructured material such as faxes, PDFs, consult notes, scanned reports, discharge summaries and handwritten notes — and applies clinical reasoning to surface Hierarchical Condition Category (HCC) coding opportunities with source-linked evidence. Outputs are intended to produce RAF scores that reflect patient complexity and to withstand audit scrutiny.
Beyond core risk adjustment, the product set spans comprehensive record capture (described by the company as functioning as an "HIE of HIEs"), audit-ready HCC coding, chart review automation, clinical decision support with predictive risk signals embedded in clinician workflow, support for the CMS-HCC V28 model, and RADV audit readiness. A natural-language interface lets users query patient history in plain English and receive answers with linked source evidence. The company positions the work as processing the patient narrative directly rather than via retrofitted natural language processing, and cites the industry estimate that roughly 80% of healthcare information is unstructured, along with a Journal of the American Medical Informatics Association study finding only 59.4% of chronic conditions are consistently captured across EHR sources.
Founding story
Keebler Health was founded in 2023 by Isaac Park, Andrew Stickney and Kevin Hill, PhD, together with founding Chief Medical Officer Terrell Bacchus, MD. According to CEO Isaac Park, the founders encountered problems adjacent to clinical narrative data and concluded that risk adjustment was a strong initial application for the technology, given that LLMs made it possible for the first time to read and understand unstructured clinical narrative with software at scale.
Business model
Keebler Health sells software to healthcare provider and payer organizations operating in value-based care, deploying its platform alongside existing clinical and coding workflows rather than replacing the EHR. The company frames its value in terms of accurate risk capture, protected reimbursement and reduced reliance on spreadsheets and offshore coding vendors.
Traction
The website reports 29,735,455 documents processed and cites named customers including Bloom Healthcare, where a senior director of population health said the platform nearly doubled chart review capacity, and Longevity Health Plan, whose ACO clinical operations director described data insights that improved identification and documentation of chronic disease burden. Investors stated at the Series A that the company was already demonstrating measurable results.
Latest developments
On April 15, 2026 the company announced its $16 million Series A and said it would use the capital for commercial growth, hiring, national infrastructure, and expansion into adjacent use cases including compliance and audit workflows such as AI-enabled RADV audit readiness, as well as population health capabilities like Next Best Diagnostic Action and proactive risk management.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Keebler Health positions itself as an LLM-native entrant in risk adjustment and clinical documentation intelligence, contrasting its approach with traditional code scanning, chart sampling, spreadsheet-based coding and offshore coding vendors, and with retrofitted NLP systems. Investors describe it as addressing a long-standing structural limitation in how clinical documentation is used across healthcare.
Stated differentiators include an LLM-first architecture rather than retrofitted NLP, review of the entire patient record instead of samples, ingestion of unstructured sources beyond the EHR, source-linked evidence attached to every captured HCC for audit defensibility, coverage of both retrospective and concurrent workflows, and delivery of insights inside existing clinician workflows.
Technology
The platform is built from the ground up on large language models rather than adapted from traditional clinical NLP tooling. It ingests structured and unstructured documentation, applies a reasoning layer over the whole longitudinal patient history rather than a sample, links every surfaced code or insight back to source documentation, supports plain-language querying of the chart, and is designed to adapt to CMS-HCC model updates such as V28. The company reports implementation timelines measured in days rather than months and scaling from a single EHR to national data streams.
Go-to-market
The company markets directly to value-based care organizations through demo requests on its website, published customer references from organizations such as Bloom Healthcare and Longevity Health Plan, and a resources/blog channel. Series A proceeds are directed at continued commercial growth and team expansion to serve value-based care organizations nationwide.
Accountable care organizations, primary care groups managing Medicare Advantage and fee-for-service populations, post-acute providers including hospice and home health, and health plans — including programs such as advanced illness initiatives and special needs plans.
Geography
Headquartered in Durham, North Carolina, with stated plans to serve value-based care organizations nationwide across the United States.
History
Founded in 2023 in Durham, North Carolina, the company raised $1.8 million in a pre-seed round led by New Stack Ventures and $6 million in a seed round led by Freestyle Capital before announcing a $16 million Series A on April 15, 2026 led by Flare Capital Partners with Sands Capital and existing investors, bringing cumulative funding to $23 million.
Risks & controversies
The company operates in risk adjustment, an area the company itself notes is subject to evolving regulatory scrutiny, including CMS RADV audits and potential clawbacks tied to documentation adequacy, and it must keep pace with CMS-HCC model changes such as V28.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
2 people who came through Keebler Health went on to found or lead other companies.
Competitors · 5
by search overlap
Companies competing with Keebler Health for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 2
launches, deals, and filingsKeebler Health announced a $16 million Series A led by Flare Capital Partners with participation from Sands Capital and existing investors, bringing total funding to $23 million. Proceeds are earmarked for commercial growth, team expansion, national infrastructure for value-based care organizations, and expansion into compliance and audit workflows including AI-enabled RADV audit readiness.
$16M source ↗
Keebler Health was founded in 2023 by Isaac Park, Andrew Stickney and Kevin Hill, PhD, alongside founding Chief Medical Officer Terrell Bacchus, MD, and is headquartered in Durham, North Carolina.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- Keebler Healthkeebler.health · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Keebler Health do?
- Keebler Health is an LLM-native platform that reads unstructured clinical documentation to surface missed HCC risk-adjustment codes.
- Who are Keebler Health's investors?
- Keebler Health's investors include Flare Capital Partners, Hypothesis, New Stack Ventures, Primordial Ventures, Tau Ventures, Everywhere Ventures, Freestyle Capital, Hustle Fund and 6 more.
- How much funding has Keebler Health raised?
- Keebler Health has disclosed $16M raised across 1 of its 5 known rounds.