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Olive, a startup developing an automation tool for healthcare administration, raises $51 million

Time is money as the old adage goes, and this is doubly true in healthcare systems operating with thin margins now made even thinner thanks to the loss of revenue caused by a freeze on elective procedures.
Stepping in with a technology that automates much of the time-consuming backend processes hospitals and healthcare providers need to keep up with is Olive, a startup out of Columbus, Ohio.
The company, which counts over 500 hospitals representing some of the largest healthcare providers in the U.S. among its customers, has raised a new round of $51 million as it sees significant growth for its business.
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