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Codametrix Closes $55M Series A To Autonomously Power Medical Coding, Boost Health System Revenue Cycles

PRIVATEFeb 27, 2023

Amount Raised

$55 Million

Round Type

Series A

BostonInformation TechnologySoftwareHealth CareArtificial IntelligenceMachine LearningNatural Language ProcessingSaaS

Investors

Chris ScogginsMass General Brigham Physician OrganizationsUniversity Of Colorado Healthcare Innovation FundYale MedicineMartin VenturesFrist Cressey VenturesSignalFire

Description

CodaMetrix, the leading AI technology platform transforming healthcare revenue cycle management, today announced that it closed a $55 million Series A round led by SignalFire. Frist Cressey Ventures (FCV), Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, and Mass General Brigham physician organizations also participated in the round. Chris Scoggins, Partner at SignalFire, will join the CodaMetrix Board of Directors.

Quick answer

CodaMetrix raised $55 Million in a Series A round, dated February 27, 2023. Investors: Chris Scoggins, Mass General Brigham Physician Organizations, University Of Colorado Healthcare Innovation Fund, Yale Medicine, Martin Ventures, Frist Cressey Ventures and SignalFire. CodaMetrix is based in Boston, Massachusetts, United States.

How much did CodaMetrix raise?
CodaMetrix raised $55 Million in a Series A round on February 27, 2023.
Who invested in CodaMetrix?
Chris Scoggins, Mass General Brigham Physician Organizations, University Of Colorado Healthcare Innovation Fund, Yale Medicine, Martin Ventures, Frist Cressey Ventures and SignalFire are named as investors in this round.
What does CodaMetrix do?
CodaMetrix's cutting-edge, multi-specialty autonomous medical coding platform leverages AI to continuously learn from and act upon the clinical evidence in the EHR.
Where is CodaMetrix based and how big is it?
CodaMetrix is based in Boston, Massachusetts, United States.
Who are the decision-makers at CodaMetrix?
Fundz holds 1 contact at CodaMetrix, including the Chief Data Science Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Natural Language Processing and SaaS around the same time

Companies in the same sectors as CodaMetrix that raised within 45 days of this round, from Fundz verified event records.

  • Glider AI raised $10M (Series A) on March 7, 2023.
  • Amelia raised $175M on March 7, 2023.
  • Cranium Al raised $7M on March 6, 2023.
  • Xapien raised $5.6M on April 12, 2023.
  • Patri raised $2.4M (Seed) on April 11, 2023.
  • Quantexa raised $129M (Funding Round) on April 3, 2023.

Who to call at CodaMetrix, and when

A new round usually means CodaMetrix is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

CodaMetrix

Location

Boston, Massachusetts, United States

About

CodaMetrix's cutting-edge, multi-specialty autonomous medical coding platform leverages AI to continuously learn from and act upon the clinical evidence in the EHR. We autonomously translate clinical notes into billing codes that satisfy coding requirements, ensuring claims consistently represent the unique and complete episode of care, reducing human coding workload, while improving the efficiency and optimizing the quality of medical coding.

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Fundz sees it the moment CodaMetrix raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Verified contactsJay A., Chief Data Science Officer hiddenSee plans and pricing
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

CodaMetrix raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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