CodaMetrix, a Boston, MA-based AI technology platform focused on innovating healthcare revenue cycle management, closed a $55m Series A funding.
The round was led by SignalFire with participation from Frist Cressey Ventures (FCV), Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, and Mass General Brigham physician organizations. Chris Scoggins, Partner at SignalFire, will join the CodaMetrix Board of Directors.
The company intends to use the funds to accelerate go-to-market with major provider organizations and health systems.
Led by Hamid Tabatabaie, President and CEO, CodaMetrix (CMX) is a SaaS technology company providing an AI-powered platform to facilitate healthcare revenue cycle management and medical coding. The company’s platform combines machine learning (ML), deep learning, and natural language processing (NLP) to translate clinical notes automatically, accurately, and autonomously into billing and diagnostic codes that satisfy coding requirements while reducing human coding workload. CodaMetrix’s AI continuously learns from and acts upon the clinical evidence in electronic health records (EHRs). That knowledge is applied to improve the efficiency and quality of medical coding and to enable providers to code less and care more.
It is currently in partnership with 10 health systems and major academic universities, including Mass General Brigham, University of Colorado Medicine, Yale Medicine, and Henry Ford Health Systems.
FinSMEs
27/02/2023