MedCity News February 28, 2023
CodaMetrix, an AI platform for hospital revenue cycle management, recently closed a $55 million Series A funding round. The company, which was launched out of Mass General Brigham in 2019, is focused on simplifying the complicated process of translating patient records into codes for billing and clinical research.
Hospitals are facing a slew of obstacles that negatively impact their revenue cycle processes — from billing backlogs to labor shortages to burnt out clinicians who don’t have time to deal with hours of administrative processes. One startup is on a mission to alleviate hospitals’ coding and billing woes with machine learning, and investors appear to be on board.
CodaMetrix, an AI platform for hospital revenue cycle management, on Monday closed a...
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