Healthcare providers across the country are slipping into the red as they grapple with ongoing financial pressures , including shrinking reimbursement rates and climbing supply costs.

This week, a startup offering a tech platform to help providers better manage their finances raised millions of dollars in an effort to help address this crisis. The New York City-based company, called Translucent AI , raised $7 million in a seed round that included investors NEA , Virtue , FPV Ventures and Redesign Health .

The startup, founded last year, got its name from its founders’ belief that financial operations in healthcare should be clear and actionable, said Translucent CEO Jack O’Hara.

“Most healthcare finance teams are buried under layers of complexity and manual work, making it

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