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

Feb 27, 2023•over 2 years ago

Amount Raised

$55 Million

Round Type

series a

BostonInformation Technology

Investors

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

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.

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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