Midstream Health

What they do

Midstream Health connects contracts, claims, purchasing, pharmacy and payment data to identify, pursue and prevent financial leakage for health systems. Co-founder and CEO Sumit Kadakia describes the platform as supporting finance and supply chain teams. Its October 29, 2026 announcement reports a $20 million Series A led by Valtruis, bringing total funding to $29.2 million. The company reports a customer network of over 250 hospitals representing more than $100 billion in annual operating expenses, including Fairview Health Services, Keck Medicine of USC, CommonSpirit Health, Mount Sinai Health System and Houston Methodist. Footprint and savings figures are company-reported.

The record

Vertical

Revenue Cycle & Payments

Sub-segment

Financial operations

Product type

Platform software

Stage

Series A

Headquarters

Not disclosed

Region

North America

Founded

Not disclosed

Total funding

$29.2M raised

Notable investors: Valtruis, Andreessen Horowitz, Foundry, CommonSpirit Ventures.