RapidClaims secures $3.1M to help reduce claim denials with AI

Feb 15, 2024•almost 2 years ago

Amount Raised

$3.1 Million

Round Type

seed

New YorkHealth Care

Investors

De VcPeerchequeNeon FundBetter CapitalTogether Fund

Description

RapidClaims has secured $3.1 million in seed funding to automate medical coding and reduce claim denials from payors. The investment was led by Together Fund alongside participation from Better Capital, Neon Fund, Peercheque, and DeVC, as well as angels and advisors from prominent US healthcare organisations.

Company Information

Company

RapidClaims

Location

New York, New York, United States

About

RapidClaims is redesigning the healthcare billing stack starting with autonomous medical coding and workflow solutions. We are using cutting-edge AI and LLMs to ensure accurate autonomous medical coding and compliance. Security, Accuracy, Speed, and Scale are the pillars of our RapidCode AI module. The solution takes into account not only the latest guidelines and payor rule sets but also generates audit-ready and compliant traceable documentation for the coding team.

Related People

3 contacts

Funding Insights

Based on industry data

VC-backed spending patterns