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Heartflow Earns UnitedHealthcare Coverage and Targets $1.3B IPO Valuation

Heartflow Earns UnitedHealthcare Coverage and Targets $1.3B IPO Valuation

Heartflow received nationwide UnitedHealthcare coverage for its AI CT plaque analysis software and announced plans for a $200M IPO at a $1.3B valuation.

Key Details

  • 1UnitedHealthcare will provide nationwide coverage for Heartflow's CT-based plaque analysis software, effective October 1.
  • 2Coverage applies to all UnitedHealthcare plans, including commercial, Medicare Advantage, and dual-eligible offerings.
  • 3Heartflow aims to raise up to $212.5 million by offering 12.5 million shares at $15–$17 per share in its IPO.
  • 4Company generated about $43 million in Q2 2025, up 40% year-over-year.
  • 5Heartflow's platform has assessed over 400,000 patients for coronary artery disease as of March 31, 2025.
  • 6The US market opportunity for Heartflow's products is estimated at $5 billion.

Why It Matters

Nationwide insurer coverage and a strong IPO position solidify Heartflow's AI solution as a standard in coronary CT interpretation. This represents a significant step in the adoption and reimbursement of radiology AI, paving the way for broader clinical and commercial implementation.
Radiology Business

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