CodaMetrix Secures $40M Series B Funding to Revolutionize Healthcare with AI-Powered Medical Coding
CodaMetrix partners with premier healthcare organizations to transform medical coding and claims management.
Company Name: CodaMetrix
Location: Boston, MA
Sector: Healthcare AI and Revenue Cycle Management
Funding Details: Raised $40M in Series B funding, led by Transformation Capital, with participation from SignalFire, and Frist Cressey Ventures.
Purpose of Investment: To further advance its AI-powered healthcare solutions.
Leadership: CEO and President Hamid Tabatabaie
Product: CodaMetrix offers an AI-powered platform for multi-specialty medical coding, aiming to improve medical coding quality, produce clinically comprehensive data sets, reduce the cost of care, and alleviate the administrative burden on providers. The platform features real-time audit capabilities and EHR integration to enhance AI learning continuously.
About Company: CodaMetrix partners with premier healthcare organizations to transform medical coding and claims management. The company's CMX platform, developed in partnership with Mass General Brigham, is at the forefront of using AI to streamline healthcare revenue cycle management, demonstrating significant impacts on efficiency, data reliability, and overall healthcare delivery.