CodaMetrix raised $40M in a Series B financing led by Transformation Capital to advance medical coding quality and clinically enrich claims data through AI.

Mar 12, 2024•over 1 year ago

Amount Raised

$40 Million

BostonInformation Technology

Investors

Frist Cressey VenturesSignal FireTransformation Capital

Description

CodaMetrix closed its $40 million Series B funding round led by Transformation Capital, with continued support from existing investors SignalFire and Frist Cressey Ventures. The funding will be used to further advance CodaMetrix’s AI-powered solutions, improving medical coding quality and clinically comprehensive data sets.

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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