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CodaMetrix logo — Enabling faster revenue and decreased costs with touchless,...

CodaMetrix

Enabling faster revenue and decreased costs with touchless, clinically specific, autonomous medical coding.

Founded 2019 United States Boston, United States 146 employees Series B Total: $95.00M AI, Digital Health +1

General Information

Company Name CodaMetrix
Founded Year 2019
Location United States Boston, United States
Employees 146
Industries AI, Digital Health, Health Care
Funding Stage Series B
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About CodaMetrix

CodaMetrix is a Health Care startup founded in 2019, with its headquarters in the United States. The company aims to enable faster revenue and decreased costs with touchless, clinically specific, autonomous medical coding. 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. This results in the autonomous translation of clinical notes into billing codes that satisfy coding requirements, ensuring that claims consistently represent the unique and complete episode of care. This not only reduces human coding workload but also improves the efficiency and optimizes the quality of medical coding across different specialties. The latest milestone for CodaMetrix was a significant $40.00M Series B investment at 12 March 2024. This demonstrates strong confidence from investors in the company's mission and potential. The investors in this latest round included SignalFire, Frist Cressey Ventures, and Transformation Capital, showcasing the trust of renowned firms in the company's vision and technology. This infusion of capital is expected to further fuel the company's growth and technological advancements in the medical coding space.

Business keywords: Healthcare IT, EHR Integration, Clinical Notes, Revenue Cycle Management, Medical Coding, Autonomous Technology, Deep Learning, Natural Language Processing

Funding Rounds & Investors (2)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $40.00M 3
SignalFire Frist Cressey Ventures Transformation Capital
SignalFire, Frist Cressey Ventures +1
12 Mar 2024
Series A $55.00M 6
SignalFire Martin Ventures Frist Cressey Ventures
SignalFire, Martin Ventures +4
27 Feb 2023

CodaMetrix Alternatives & Competitors

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CodaMetrix vs
Diagnoss
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CodaMetrix vs
Maverick Medical AI
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Autonomous Medical Coding. Personalized.

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CodaMetrix vs
XpertDox
XpertDox United States

XpertDox is on a mission to automate the medical coding process using artificial intelligence (AI).

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Also compare with: CodaMetrix vs IOMED IOMED View all alternatives

FAQ About CodaMetrix

Enabling faster revenue and decreased costs with touchless, clinically specific, autonomous medical coding.
CodaMetrix was founded in 2019.
CodaMetrix is headquartered in Boston, United States.
CodaMetrix operates in AI, Digital Health and Health Care. Its work centres on Healthcare IT, EHR Integration, Clinical Notes and Revenue Cycle Management.
CodaMetrix has approximately 146 employees.
CodaMetrix has completed 2 funding rounds, raising a total of $95.00M. The latest funding stage is Series B.
Top alternatives and competitors to CodaMetrix include Diagnoss, Maverick Medical AI , XpertDox, CodeRyte, IOMED. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
CodaMetrix and Diagnoss are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for CodaMetrix, https://bouncewatch.com/company/codametrix, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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