HIT Consultant January 30, 2025
What You Should Know:
– KODE Health, a leading provider of on-demand medical coding solutions, today announced a $27M in Series B funding round led by Noro-Moseley Partners with participation from Mercury, FCA Venture Partners, Epsilon Innovation Fund, and 111 West Capital.
– The funding will fuel the company’s mission to transform medical coding through its innovative platform that connects healthcare systems with certified coding professionals and leverages AI to optimize efficiency and accuracy.
Addressing the Burden of Healthcare Administrative Costs
Administrative costs, including medical coding expenses, represent a significant portion of healthcare spending in the United States, accounting for an estimated 15% to 30% of total expenditures. Traditional medical coding processes are often plagued by staffing shortages, inefficiencies,...
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