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Penelope Health

Searchable database of insurer medical coverage policies

Raised to date

$2.7M

of $2.9M offered across 1 Form D filing

Still open
$175K
Investors
5
Last filed
Apr 30, 2026

About

Penelope Health builds infrastructure for payer medical coverage policy data. It extracts and structures medical policies from major US insurers into a queryable knowledge graph covering more than 500,000 CPT, HCPCS and ICD codes and over two million medical necessity criteria, delivered through a web app and an API. Customers use it to check whether a code is covered, excluded or considered experimental for a given payer and plan, compare coverage across payers, and generate prior authorization requests and appeal letters. The company was founded by Sohum Patel, a Cambridge-trained physician, and Mattijs De Paepe.

Neutral, continuously updated policy infrastructure that turns unstructured payer coverage documents into programmable data with sub-second API lookups, replacing manual searches of individual insurer websites.

Funding

  • Option to acquireFiled Apr 30, 2026Form D
    $2.7M/ $2.9M

Product

Penelope coverage policy platform

Healthcare data API

A web application and API over a knowledge graph of payer medical coverage policies from insurers including UnitedHealthcare, Cigna, Aetna and Humana, updated with new policies every working day.

  • Code coverage lookup for CPT, HCPCS and ICD codes by payer and plan
  • Over two million extracted medical necessity criteria with AND/OR logic
  • Daily policy updates as payers publish changes

Built for

Revenue cycle management teams, healthtech companies building billing and prior authorization features, medical device field sales teams, and payer competitive intelligence groups

People on file