US-based AI-enabled healthcare services provider Third Way Health has raised an oversubscribed $15m (€12.6m) in Series A funding led by Health Velocity Capital, with partner Kristin Torres Mowat leading the round, according to Business Wire.

The Los Angeles company's total funding now sits at $22.5m (€18.9m), supporting continued product investment and operational scale.

Third Way Health addresses healthcare administrative complexity with a hybrid human and AI operating solution for healthcare practices, currently supporting practices collectively serving more than 5 million patients annually.

The company provides comprehensive front-office services, from scheduling to prior authorisation, through an implementation model that transforms operations in as little as 12 weeks.

Fully dedicated teams are embedded in clients' workflows, creating seamless, scalable operational support. Third Way Health has helped clients reduce front-office administrative costs by up to 40 per cent, increase patient visits by 11 per cent on average, and cut phone wait times in half.

Timm Schneider, Co-Founder and Chief Operating Officer of Third Way Health, stated no patient should have to wait on the phone when they need care. He noted automation, including AI, can make a real difference in facilitating interactions, but clients choose the solution not just for better technology, but because it helps improve outcomes including patient experience and top-line growth.

Third Way Health will use the funding to accelerate customer growth, expand its operational footprint and further advance its automation roadmap. The company plans to invest in scaling sales and implementation teams, deepening AI capabilities, and enhancing its platform to support a growing customer base.

This is Third Way Health's first public funding round, following a strategic investment from Astrana Health, Inc. and MedPOINT Management, Inc. in 2025.

Explore how AI-powered operations are transforming healthcare front-office efficiency in the complete article.