8-Bit Capital portfolio company Honey Health (all-in-one AI back office for healthcare) announced their $7.8 in seed funding led by Pelion Ventures, with participation from 8-Bit Capital, Streamlined, and Burst Capital. 8-Bit Capital introduced Honey Health to Pelion Ventures.
“Healthcare organizations are stuck between two broken models: point solutions that only solve narrow tasks and a constant struggle to hire and retain back-office staff,” said Matt Faustman, co-founder and CEO of Honey Health. “We’re offering something fundamentally different: AI agent teams that work autonomously in the background to complete entire workflows. Our customers wake up to finished work, not more tasks to manage.”
Founded by Matt Faustman and Xiao Zhang, former AI and product leaders at LinkedIn, Honey Health has partnered with over 100 medical groups and health systems since its launch in December. Customers report annual profit gains of $50,000–$65,000 per provider, driven by reduced backfill costs and more efficient scaling. As Dr. Kashif Latif of AM Endocrinology observes, “Our back-office work just gets done inside our EHR as if a staff member had completed it.”
With more capabilities on the way, Honey’s AI agents currently automate workflows shared across most specialties and primary care settings, including:
- Data Fetching: Fetches data from external sources (labs, devices, and other systems)
- Note Prep: Prepares visit-ready patient notes and charts
- Orders and Refills: Handles post-visit orders and refills
- Fax Triage: Sorts, routes, and files faxes while extracting key details
- Prior Authorizations: Manages the full authorization process
Read more at PRNewswire, Tyler Hogge’s blog, Unite.ai, Global Digital Health News, and The Times Magazine.